The concept of the new community is based on private leasing of community land which will be condemned by eminent domain because of hurricane destruction. In other words, the community will be owned by a public corporation enabled by state legislation, but populated by residents who lease land for private residences. The concept borrows from many communities on the coastline, such as Maryland's eastern shore. Individual residential plots will be purchased by the district at market value, the owners becoming shareholders in the new development district. Those residents will participate in the design and building of new residences, and then lease them back from the district.
This arrangement allows the public district to control the land in the event of a natural disaster such as another Katrina. This kind of control would allow evacuation to occur in a much more orderly fashion because the choice would not be left to individual residences.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.