UPDATE: Manchester Could Benefit If Displaced Shore Residents Move Inland
Manchester's ratable base decreased from $3.9 billion to $3.2 billion following reassessments
Officials said that the high cost of rebuilding from Hurricane Sandy could drive coastal residents inland, potentially helping bolster the township's decreased ratable base should they decide to call Manchester home. With some coastal residents facing the reality of paying tens of thousands of dollars to rebuild and raise their homes — as well as increases in flood insurance rates — an inland community like Manchester may be a good alternative, said Township Council Vice President Brendan Weiner Monday evening. "It's almost impossible for some of these folks to rebuild," he said. "They may say, 'we want to live close to the coast — let's check out Manchester.'" After the 2013 reassessment, the township's total taxable value decreased by …
In this Article:
knarfie
2:56 pm on Thursday, January 31, 2013
Probably one of the most absurd comments I have aever heard a politician make. Manchester because of no flood insurance? more ›