Here are two news accounts of the planned buyout — probably the largest ever done after earthquakes. The first one is from the Daily Mail (UK): Thousands to be paid to leave homes hit by New Zealand earthquake as total cost of catastrophe hits £9.4bn
New Zealand Prime Minister John Key announces the government will pay homeowners to leave . New Zealand’s government has offered to pay thousands of homeowners to leave areas of the country’s second-largest city hardest hit by recent earthquakes.
Christchurch was struck by a magnitude-7.1 earthquake in September and a devastating magnitude-6.3 quake in February that killed 181 people and crippled much of the city. The government said it has offered to pay about 5,000 Christchurch homeowners to leave and have their homes razed, with certain swathes of land remaining too unstable for rebuilding.
The future of an additional 10,000 homes, many of which may also need to be destroyed, is still being assessed. The government estimated the cost of moving the first 5,000 homeowners at up to £312 million
The second source is ABC News in Australia: NZ govt to buy back homes in earthquake zone
Here was some relief today for residents of the earthquake shattered city of Christchurch in New Zealand. The government announced that it would buy back thousands of homes on land too unstable for rebuilding.
It’s part of a plan to move residents and bulldoze homes in areas hardest hit by recent earthquakes. The government says it’s assessing the future of another 10,000 homes, many of which may also be too costly and time consuming to repair.
A magnitude 7.1 earthquake hit Christchurch in September and a devastating 6.3 quake in February. One-hundred-and-eighty-one people died and large aftershocks have continued to rattle the city.
- New Zealand: Late night quake scares Christchurch residents (tipggita32.wordpress.com)