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Deadline today for sinkhole buyout offers

3 years 11 months 1 day ago June 24, 2013 Jun 24, 2013 Monday, June 24 2013 June 24, 2013 9:48 AM in News
Source: WBRZ
By: Russell Jones

BAYOU CORNE - Today is the deadline for Texas Brine to make buyout offers to the residents affected by a giant sinkhole over a brine cavern in Assumption Parish.

Last week a spokesperson for Texas Brine said they had delivered 88 of the 90 offers approved by their insurance carrier. They said 79 people responded to the offers, with 24 accepting and 51 making counter-offers.

State officials said Texas Brine was responsible for making the buyout offers after the brine cavern they leased near Bayou Corne partially collapsed last year, prompting evacuations and causing property values to plunge.

People have 15 days to accept or counter offer. If they accept, they have 30 days to move.

News 2 will have more on the buyout deadline tonight.

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