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Other options on the table for sinkhole buyouts

3 years 9 months 6 days ago August 22, 2013 Aug 22, 2013 Thursday, August 22 2013 August 22, 2013 9:58 AM in News
Source: WBRZ
By: Russell Jones

BAYOU CORNE - There are other options on the table for property owners near the Assumption Parish sinkhole negotiating buyouts with Texas Brine.

Some homeowners who want to stay are considering releases of liability, which would allow them to stay in their homes and receive a settlement, but then release Texas Brine from all liability for further lawsuits.

Many homeowners have already agreed to buyouts of their property after last year's evacuation and plunging property values due to the sinkhole, but a portion are still in negotiations.

News 2's Adrian Pittman talks to one of those homeowners about that option tonight.

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