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Re: One Houston suburb devastated by Harvey is sure to flood again, yet speculators are making a killing buying and reselling storm-damaged homes
By: oldCADuser in
FFFT3 Sun, 25 Mar 18 1:37 AM
The Canyon Gate development was built on land that the Corp of Engineers had declared a flood overflow basin back in the 70's, designed to protect areas that had already been developed. The intent was to leave the land either dormant or for farming, but to keep it available for flood overflow. However, the state of Texas declared the land suitable for development back in the 90's and as they say, the rest is history.
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