Texas proposes $61 billion Harvey Recovery Plan
HOUSTON (Houston Chronicle) – Governor Greg Abbott and top state leaders proposed a Harvey recovery plan to Washington officials and the Texas legislature Tuesday.
The Rebuild Texas plan is estimated to cost $61 billion. It includes funding for three "coastal spines" to control flooding, new reservoirs, and buyouts of thousands of properties. It mirrors much of a longstanding plan in Harris County to buy out properties in the most flood-prone areas.
About 60 percent of the funding would go to "future proof" flood-prone areas. The rest would fund buyouts and elevating buildings in low-lying regions along the coast.
Recently, the official total Harvey damage estimate was increased to $180 billion. The state's new request for federal funding includes only part of that.
The projects were chosen from a list of needs by county and local officials. It includes U.S. Army Corps of Engineers projects that could mitigate the potential for future storm damage.
The list is not all-inclusive, and other projects could be added down the line.
Meanwhile, Meritage Homes is moving along with their plan to develop an 800 home development on the old Pine Crest Golf Club in northwest Houston, which is entirely in a 100-year flood zone.
Council was supposed to approve the creation of a MUD for the new development this week. But it appears they got post-Harvey cold feet and tabled the matter and referred it back to the Mayor's office.
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