Bush Boys and NOLA
Scout Prime keeps uncovering more sleazy goings-on with the Bring New Orleans Back (BNOB), one of the committees charged with restoring NOLA. BNOB is the one with ties to Bush, and with that comes the cronyism, corruption and manure-fragrant decisionmaking. Commission members Donald Bollinger and Joe Canizaro, Bush’s Boys, are in control.
Canizaro who has been the leading force in the BNOB commission contributed over 1 million dollars to Republicans since 1997. Bollinger, who owns the 3rd largest shipbuilding company in the country, contributed over $130,000.
These two (and Bush) want to derail efforts to pass the Baker bill, use treasury bonds to buy back damaged homes at 60% of equity and then parcels would be packaged and redeveloped. How the Bush Boys and their leader see things is that the government should buy out only 20,000 out of 185,000 homeowners whose homes have been destroyed. Scout:
Without government money it appears they face either……
1) free market forces determining what they will receive
2) Eminent Domain……”commissioners say, not every neighborhood will be sustainable and there will be a need to use eminent domain to seize some property”
So if you severely limit the number of people to receive a buyout you leave a large number of homes (ie Land) available to be bought up cheap or taken. With that much land on the market at once and sellers needing to sell, it most likely will be very cheap.