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New York Considers Buying Up Flood-Prone Properties Damaged by Sandy

New York Gov. Andrew M. Cuomo is proposing to spend a chunk of Superstorm Sandy relief funds on buying out severely damaged homes and turning the properties into open space or flood plains, an idea that met with approval by industry interests.

By Mark E. Ruquet | Updated on February 06, 2013

New York Gov. Andrew M. Cuomo is proposing to spend a chunk of Superstorm Sandy relief funds on buying out severely damaged homes and turning the properties into open space or flood plains, an idea that met with approval by industry interests.

The New York Times reported Monday that the governor proposes to spend $400 million to purchase the homes and reshape the coastal landscape of New York.

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