Saturday, September 17, 2005

Grenada Daily Star Columnist: Buy homes for victims

"I have a problem spending $200 billion . . . of tax money to rebuild (New Orleans) a city that, at the end of the day, will still be 10 or 12 feet under sea level. . . . The answer is to give each homeowner and each renter $200,000 to build a new home on higher ground. Here are the rules: Persons/families in areas two or less feet above sea level are eligible. Recipients must use the money to buy/build/invest in a home 75 or more feet above sea level. Recipients may buy or build a home in any of the 50 states. Recipients will be eligible for a reasonable moving expense if they choose a distant state. Homeowners paid by the federal flood insurance or private flood insurance will not be eligible. . . . The portion of New Orleans that flooded will be zoned only for business and light industrial uses with Florida like building restrictions. Only parking will be allowed on the first two floors of commercial buildings in the flood area."

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