In what is being called the second largest land buyout in U.S. history, Galveston County has already bought out over 300 properties, and it hopes to buy 300 more by the end of the year. According to the video below, Galveston County has already spent over $100,000,000 to purchase properties, and Galveston County used FEMA. money to do it.
In the video below, Warren Adams, a former client of the Merlin Law Group, gives his opinions regarding the buyout program.
http://c.brightcove.com/services/viewer/federated_f9?isVid=1
After Hurricane Katrina, the city of New Orleans decided to stay put and rebuild. After Hurricane Ike, it appears Galveston County has decided to take a different route and close up shop on the Bolivar Peninsula. This is sad news. As a child, I would go to the Bolivar peninsula with my family to enjoy the beach and the local community’s charm. Galveston County has decided to buyout the land instead of encouraging homeowners to rebuild.
