Posted on 01/29/2006 6:51:06 AM PST by Uncle Sham
I doubt you'll get an answer to that. Everything Mississippi does is right and everything Louisiana does is wrong.
The purchase price to the agency would be 60% of pre-Katrina value. If this property is in an area where redevelopment is allowed, it will definitely be worth considerably more than the pre-Katrina level. The increase in property value, depending upon the circumstances at the time of redevelopment should be much closer to the overall purchase cost.
Some on this forum apparently feel that way. Frustrating isn't it?
I searched for information on Federal Government Aid to Mississippi's Gulf Coast residents and could not find any hard and fast figures. Do you have a link to the $150,000.00 figure?. I really wanted to see if there was a disparity in the amounts to New Orleans vs Mississippi.
you must be a carpenter...you sure hit that nail on the head.
You have a bunch of brain dead democrats running the show in Baton Rouge and all they are interested in is getting their hands on the money.
Thanks for the information.
Another Question, going back to my example, fair market value of home $75,000. Purchase price @ 60% = $45,000.00. Say conservatively $10,000.00 for demolition, cleanup, and preparation. $55,000.00 cost just for vacant land now. You state if the property is in an area where redevelopement is allowed, the property (just land) is going to be worth considerably more than pre-Katrina levels. Sorry for being a pain, but I'm just trying to understand. So, the vacant land is going to be more valuable than a pre-Katrina home?
I would hope the land could sell for the purchase price and improvements totalling $55,000.00, but that seems unrealistic to me.
Am I getting this right?
We need more info from the ones who wrote the bill. I don't know all of the details, but in general how it's supposed to work. There might be charges passed to the developers or things like that. Need more info. This isn't perfect but by far the best plan that has been suggested.
I know I won't. I don't get it either.
This idea makes a lot of sense. Thousands of homes built below sea level in Hurrican Alley were just a multi-billion dollar natural disaster waiting to happen.
............market it to investors for redevelopment.
This is where the idea does an about face back to stupid.
I agree, when I read the entire Bill, I really couldn't figure out exactly how it was going to work. I'd like it to be scored by CBO. Their the experts.
The low-lying areas that are determined to be uninhabitable will be turned into parks or wetlands. This plan helps make this a certainty.
I think that is what the 77,000 number is in reference to. I just know that we got hit by two major storms 3 weeks apart and that there are a lot of people whose homes were destroyed beyond repair. Most people did have insurance but the insurance companies are slow to respond and when they do it is often less than what it costs to repair them.
People are getting screwed over left and right. 99% of the people are out there working hard at getting their lives back on track but they are having to fight for every scrap they get.
I hear you, I really was unaware about how the block grants were being divided up. I can see why Baker put forth H.R. 4100 now. Not much I can personally do, regretfully, but I will now be watching what the Feds do to help out.
No comparison. Louisana is INFAMOUS for corruption. The state has had corrupt politicians since it entered the Union. In the dictionary next to corruption is the state of Louisiana.
Chicago is bad but the rest of IL is fairly conservative. IL used to have Republican Governors that served as a check on Chicago, although lately that hasn't been the case.
Don't be deluded into thinking that Louisiana is the only corrupt state. We at least send our crooked governors to jail not the White House and Senate. Remember the Clintons?
How incredibly ignorant. Such a tax is specifically forbidden by the U.S. Constitution.
Mary, Mary, Quite (To The) Contrary
InvestorsBusinessDaily ^ | 9-9-05
Posted on 09/10/2005 9:09:47 AM PDT by STARWISE
Politics: Louisiana's senior senator, whose brother is lieutenant governor and whose father was New Orleans' mayor, is blaming President Bush for "the staggering incompetence of the federal government." Come again?
It's understandable that on the Sept. 4 edition of ABC's "This Week," Mary Landrieu said of President Bush, "I might likely have to punch him — literally" if he or members of his administration made any more disparaging remarks about local authorities and their pre- and post-Katrina efforts. Some are and were family.
Brother Mitch Landrieu is lieutenant governor of Louisiana. Father "Moon" Landrieu was not only mayor of New Orleans, but also later became secretary of housing and urban development under President Carter.
(snip)
Despite Landrieu's complaints of budget cuts and paltry funding, the fact is that over the five years of the Bush administration, Louisiana has received more money — $1.9 billion — for Army Corps of Engineers civil works projects than any other state, and more than under any other administration over a similar period. California is a distant second with less than $1.4 billion despite a population more than seven times as large.
(snip)
The problem was at the local level. The ambitious plan fell apart when the state suspended the Levee Board's ability to refinance old bonds and issue new ones. As the Times-Picayune reported, Legislative Auditor Dan Kyle "repeatedly faulted the Levee Board for the way it awards contracts, spends money and ignores no-bid contract laws." Blocked by the state from raising local money, the federal matching funds went unspent. By 1998, Louisiana's state government had a $2 billion construction budget, but less than one-tenth of one percent, or $1.98 million, was dedicated to New Orleans levee improvements. By contrast, $22 million was spent that year to renovate a home for the Louisiana Supreme Court.
>snip
"Where did all the money go? Again, the Times-Picayune says much of the money went not to flood control, but to lawmakers' pet projects, from a $750 million for a new canal lock to a $2.5 million Mardi Gras fountain project that ran $600,000 over budget.
Nine months before Katrina, three top Louisiana Office of Homeland Security and Emergency Preparedness officials were indicted by a federal grand jury in Shreveport and charged, according to the U.S. Attorney's Office for the Western District of Louisiana, "with offenses related to the obstruction of an audit of the use of federal funds for flood mitigation opportunities throughout Louisiana."
"Such a tax is specifically forbidden by the U.S. Constitution."
Since you are so enlightened to the Consitution, why don't you back up your statement - "Such a tax is specifically forbidden by the U.S. Constituion" - and post your findings here. Since this tax is so "specifically" forbidden by our Constitution I'm sure you will find it clearly defined in text and definition.
I had no idea a major Corporation could NOT be taxed for doing business in one's STATE. And it's stated right there in the Constitution. ShazAAAAAMMM!!
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