NY Post-Sandy Buyout Plan A Possible Blueprint For Future
By Pete Brush
Law360, New York (February 6, 2013, 6:30 PM ET) -- Gov. Andrew Cuomo's $400 million plan to buy out flood-prone New York homeowners lacks the financial firepower to be transformative, but if it succeeds on a relatively small scale it could embolden state officials to replicate the tactic using more money when future storms hit, experts said Wednesday.
The amount of money for buyouts became more clear this week as the Cuomo administration leaked details of its negotiations with the federal government over how much of a $60 billion Superstorm Sandy aid package should go to...