Right on in every way...now if we can just have those owners do all this with their "private" funds.
On 1 other note... I can't wait for the new fema flood maps. Can you speak a little bit about cobra zones and the residential area behind the topsail park beach and dune systems?
Another tangent BMBV, but hopefully useful..
Here's a little of what I know. First everyone in the Country can purchase federal flood insurance and it is not limited to ones who live in "flood zones." In the United States, the majority of policy owners live along inland areas and not along the coast. The coastal owners are less than 5% of the insurance pool and the maximum coverage is $250,000. That being said, the lion's share of premiums are paid for by those coastal properties. Except for the impacts of Katrina, coastal premiums had far surpassed coastal payouts every year that they were collected. That is not the same as inland properties. The floods that you see every year along the Nation's great rivers almost ALWAYS are subsidized by the coastal owner. One of the glaring problems is how to have inland properties be built to better standards to reduce those costs.
Another point is that outside of Katrina, the National Flood Insurance Program was in a positive cash flow situation. The problem with Katrina was not the people who paid for flood insurance, it was the people in coastal Mississippi that did not. They relied upon the government telling them they were at risk through the mapping process when they could see the water from the house. As a matter of fact, many people argue with the current mapping process and have studies done to move the lines so that there mortgage bank doesn't make them buy it. Here is the best advice I can give anyone in sowal....
If you can see a coastal water body (gulf, lake, bay) from your house BUY FLOOD INSURANCE!!! If you are in an X zone it will be really cheap and it is dumb not to do. This is even more important for properties along the Bay and north of 98 as they are even more susceptible to flooding one day than people along the Santa Rosa Ridge.
As for COBRA zones, they were defined by USFWS as areas that would be ineligible for any federal expenditures in those areas and were designed to limit development. I know of the properties you are speaking of and their efforts to adjust the COBRA zones along western lake but don't know the specifics.