NJ's Answer To Flooding: It Has Bought Out and Demolished 1,200 Properties

New Jersey has found its answer to the relentless flooding that has plagued the state's coastal and inland communities for decades: buy the homes, demolish them and turn the land back into open space permanently. The state's Blue Acres program has acquired some 1,200 properties since 1995, spending more than $234 million in federal and state funds to pay fair market value to homeowners exhausted by repeated floods from tropical storms, nor'easters, and heavy rain. A Georgetown Climat...