NY returns some neighbourhoods to nature to fend off storms
But the scheme to convert the most vulnerable districts into uninhabited buffer zones has displaced long-time residents there
New York
EVERY now and then, Frank and Mary Lettieri return to visit what used to be their tightly packed Staten Island neighbourhood before Superstorm Sandy prompted New York state to let it go back to nature.
The deadly storm, which swamped the New York metropolitan area five years ago and revealed its vulnerability, convinced state officials to offer to buy out homeowners in flood-prone areas, including the Lettieris' Oakwood Beach neighbourhood.
At first, the Lettieris resisted. They had owned their nearly paid-off home since 1987, raised five children in it and spent US$138,000 to rebuild after the storm sent a surge over the nearby beach that filled their first floor with seawater.
But eventually, like nearly 80 per cent of their fellow Staten Island residents who were offered the same opportunity, they took the deal, part of a New York state programme to convert the most vulnerable neighbourhoods into uninhabited buffer…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses