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Texas Brine starting to make buyout offers

4 years 2 days 11 hours ago May 24, 2013 May 24, 2013 Friday, May 24 2013 May 24, 2013 3:06 PM in News
Source: WBRZ
By: Russell Jones

BAYOU CORNE - A spokesperson for Texas Brine said the company started making buyout offers today for homes and property affected by the Bayou Corne sinkhole.

Sonny Cranch with Texas Brine said they had 23 offers ready today and started scheduling appointments to meet with homeowners Saturday.

Cranch said as more offers were prepared they'd schedule more appointments.

The company drew sharp criticism earlier this week when they said their insurance carrier was causing delays in the buyout process. Governor Bobby Jindal ordered a review of all the company's permits in the state as a result of the delays.

According to the governor's office, 110 residents signed up for the buyouts and most of their properties were inspected.Texas Brine agreed to offer settlements within 45 after the inspections, but by Monday hadn't issued any offers to homes even though dozens were outside that window.

Texas Brine operates the brine cavern which the state says partially collapsed and created a massive sinkhole near Bayou Corne. Residents have been under a mandatory evacuation since the sinkhole formed last summer.

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