Voluntary Buyouts as Hazard Mitigation: Implementing Buyouts
The first part of the class provides a summary of the history of buyouts as a hazard mitigation option. This is followed by a discussion of how buyouts can reduce vulnerability to natural hazards, particularly floods, and several brief examples to illustrate the experiences of different communities in implementing buyout programs. Following this summary is a discussion of the key advantages and disadvantages of buyout programs.
The second part of the class engages the students in a discussion of how some of the main problems posed by buyouts could be overcome. Students will be asked to decide between upgrading a dike to provide additional flood protection and implementing a buyout program to move structures out of harm’s way.