Americans Ignored Risk In Flocking To Coast
More Blame Game? It sounds like crazy Americans are to blame for foolishly moving to the Gulf Coast.
But the article tells how......
"The federal government also paid prodigious sums in flood insurance claims to property owners who had insisted on building in harm's way."
And .....
"There's been a steadily increasing buildup in high-hazard areas, especially in the Gulf from Louisiana to Alabama," Conrad said. " The federal and local governments don't have the ability to say no, even when the risks are so obvious."
Then there is this.....
In 1998, Deputy Assistant Army Secretary Michael L. Davis tried to stop the Army Corps of Engineers from rubber-stamping casino applications without studying the impact dredging would have on marshes that shelter wildlife, purify drinking water and help prevent flooding. This angered Lott, then Senate majority leader, who had recently flown to Las Vegas in a casino executive's jet and had raised $100,000 for Republicans at a casino-industry fundraiser.
Lott got the moratorium lifted, then he got the Army to launch an investigation of Davis. No wrongdoing was found, but Davis was removed from Gulf Coast permitting issues.
And Canizaro's Gulf Coast development......It's called Tradition.
The Tradition web site certainly is heavy on luring those flocking Americans to the Gulf Coast...
The Gulf Coast is fast becoming a premier national destination resort, entertaining over 20 million tourists annually. Located only minutes from the coastline, Tradition offers access to all the benefits that the region has to offer. With the excellent fishing and golfing opportunities, Las Vegas-style gaming and entertainment, and white sand beaches just minutes away, Tradition and the Mississippi Gulf Coast offer an attractive alternative to Florida retirement. The Gulf Coast, however, is more than just a beach town.
INDEED....
Mississippi's low crime rate, which is 14.5% below the national average, provides an underlying level of personal security that stands in sharp contrast to many popular destinations like Florida and Arizona. Additionally, Mississippi is tax-friendly when it comes to retirees. In addition to low tax rates in general, retirees living in Mississippi do not pay state income tax on qualified retirement income. They also gain an additional exemption of property taxes upon reaching the age of 65. Tradition has been diligently working in tangent with several retirement communities in trying to eliminate state taxes for all retirees 55 years of age and older.
Mr. Canizaro founded Coporate Capital in 1998 which invested in Automated Technology Machines or ATM machines, owning 1,000 ATM's in the US.
Think of that next time you are at the ATM......might be giving profit to Bush's Ranger.
No comments:
Post a Comment