Louisiana, which continues to recover almost nine years after Hurricane Katrina, the most expensive U.S. storm, is tapping bond investors this week to pay for flood protection and building renovations.
As taxpayer subsidies for the national flood-insurance program began winding down this year, coastal property owners began to complain about bigger insurance bills. With rates rising to reflect the true risk of living in flood-prone areas, some people’s annual premiums rose to several thousand dollars, from a few hundred.
When voters approved a sales-tax increase to pay $540 million toward stadiums for Cincinnati’s professional baseball and football teams almost two decades ago, city leaders promised lower property levies and a business district along the Ohio River.
Oct. 29 (Bloomberg) -- Bloomberg's Peter Cook reports on the response FEMA's preparations for Hurricane Sandy and how the storm is impacting the presidential campaign and the daily business of the federal government. he speaks on Bloomberg Television's "Bloomberg Surveillance."
When Robert Freed walked into Pet Foods Plus, his flooded store on Midland Avenue in Staten Island, two blocks from the Atlantic Ocean, he knew what he smelled immediately: the stench of rotten kibble and cat food, a few tons of it.