[extropy-chat] Fill it in a pave it over

[Lifespan Pharma Inc.]

I don't know Louisiana law but here in Saskatchewan anything under 
permanent water reverts back to the crown
(province) so if it were Saskatchewan the levees are not rebuilt all the 
property rights revert back to the state.
And the state would determine what it would settle with any previous 
owners prior to pumping out water
or allowing any new rebuilding.


Adrian Tymes wrote:

>--- BillK <pharos at gmail.com> wrote:
>  
>
>>On 9/6/05, Adrian Tymes wrote:
>>    
>>
>>>Assuming you could buy out the entire city, or most of it.  While
>>>      
>>>
>>the
>>    
>>
>>>government may have the legal right to force the sales (see recent
>>>eminent domain cases), even the US federal government might have a
>>>      
>>>
>>hard
>>    
>>
>>>time coming up with that much money (without giving many people so
>>>little that it could credibly be called far below fair value/market
>>>price).
>>>      
>>>
>>What's fair market value for land under six foot of water?
>>    
>>
>
>Potentially pretty good, if there's a general assumption that the water
>will soon be pumped out - which does exist, and I don't think it can be
>shaken unless the levees collapse much furthre, beyond all hope of
>repair.
>
>  
>
>>There will be more hurricanes this season and more again in following
>>years. NO could well be hit again soon, maybe with a cat 5 this time.
>>    
>>
>
>It would probably take something along those lines to do it.  Which
>means that cloud (no pun intended) would have a definite silver lining.
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>

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