3 ms·
There was an interesting story a few months back about how the city of Nashville has a process where they buy homes in flood-prone areas at a "fair market price
by dgritsko 9y ago
There was an interesting story a few months back about how the city of Nashville has a process where they buy homes in flood-prone areas at a "fair market price", then demolish the homes and convert the property to "green space" (preventing new buildings from being constructed). The main idea was that this is cheaper in the long run than the continuing cost of disaster recovery, emergency services, etc. for people in these areas. I don't think Nashville is the only city doing this sort of thing, but it was news to me when I heard about it.
http://www.tennessean.com/story/news/2017/09/08/nashville-makes-push-buy-flooded-homes-and-replace-open-space/645566001/ http://www.tennessean.com/story/news/2017/09/08/nashville-ma...
- chiph 9y agoAustin has done that to homes along Onion Creek. Like you said - it's cheaper in the long run to buy the property so that people's homes don't get flooded, with all the knock-on effects afterwards.
- pyre 9y agoI have a feeling that at _some_ point, a politician is going to see all of this land that the city owns and get dollar signs in their eyes, and it will eventually be privately-owned and built-up again.