COMMENT OF THE DAY: A BOOST FOR THE BOLIVAR BUYOUT? “A large part of Bolivar is going to be turned into a nature preserve. FEMA is buying out many of the properties. . . . I suppose that buyout was made easier by the rate of foreclosures. . . .” [Raj, commenting on Where the Action Was: Houston Summer Foreclosure Map]
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I suspected as much, as there isn’t enough tax base/political pull to even return the dunes/beach to Pre-Ike status.
It’s a shame for the property-owners, of course.
Please, won’t someone build the Great Galveston Fun Park there? Rollercoasters, arcade games, re-awaken Galveston tourism and necessitate additional ferry runs?
I’ve said for years that most of the Bolivar peninsula and Galveston Island South of the Seawall should be turned into state parks and left as natural as possible.
Can we afford this? Where is the buy out money coming from? Did these people have flood insurance? How many of these properties were homesteads or vacation homes?