Hark! Was that the sound of New
York Gov. Andrew Cuomo saying we shouldn't eternally rebuild every $1 million
bungalow that's destroyed by storms on the coastal floodplain?
Yes, it was! Hooray!
I will quibble with his plan, but
he's got my nod, it's the right thing to do.
Gov. Cuomo wants to spend $400
million of the $51 billion Hurricane Sandy federal aid package to buy "10,000 or so homes built on the
100-year flood plain," and turn the land back to Mother Nature. No rebuilding,
not ever again.
Quibble: there was no mention of private flood insurance. I think
every owner of property in the 100-year-flood plain or anywhere vulnerable to severe
storms should be required to purchase full replacement cost insurance for any loss,
for any reason.
You wanna rebuild your storm-damaged home, again? That should
be on your dime.
Damn straight!
ReplyDelete