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Wealthy People Build Homes on Shifting Sand, Taxpayers to Save Them
RICHMOND TIMES DISPATCH ^
| Aug 08, 2002
| THE ASSOCIATED PRESS
Posted on 08/08/2002 7:46:30 AM PDT by putupon
Edited on 07/20/2004 11:47:02 AM PDT by Jim Robinson.
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To: 07055
Exactly. Somebody needs to buy these clowns a good economics book with the section on "moral hazard" bookmarked.
To: putupon
This fall's $10 million restoration project will be about two-thirds the length of what was replenished recently during Operation Big Beach, a project that covered the resort strip and North End from Rudee Inlet to 89th Street. That project involved 3.5 million cubic yards of sand. Somebody is working mighty hard for Virginia Beach. The recently completed "Big Beach" project was about $25 million as well...
But I have to admit, it made an incredible difference in the tourist strip.
To: Tarheel
The same thing happens on the barrier islands here in NC. I'll be in Nags Head week after next. My brother owns a modest house on the sound side. He rarely gets major damage there.
To: robertpaulsen
these residents voted to kick in 35% of the costs. Aren't they nice people?Yeah, I'm sure there will be no increase the the rental price.
Note to those not from VA:
My native Virginian self, family, and everyone I know all go to NC, SC or other beaches. Outer Banks and Myrtle Beach are far better than VA Beach.
24
posted on
08/08/2002 11:17:07 AM PDT
by
putupon
To: Greeklawyer
How about assistance for the third time the home is wiped out by a flood.
25
posted on
08/08/2002 1:48:08 PM PDT
by
breakem
To: putupon
One hurricane and that "1.5 million cubic yards (of sand)....to extend the beach to an average width of 170 feet will be gonnnnnne!.
To: putupon
I have no sympapthy for anyone who builds in an area that is prone to natural disasters.They know or should know the risks and should have a clue that they are in a risky situation when there is no or exceedingly high insurance available.
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