Business

Post-superstorm buyouts get boost as summer nears

By Wayne Parry
Published June 7, 2014 4:56pm ET
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Post-superstorm buyouts get boost as summer nears
Bricks fly from a home in Sayreville N.J. that was damaged by Superstorm Sandy as it is demolished on June 4, 2014. The work is part of a $300 million program in which New Jersey is buying homes in flood-prone areas and tearing them down to create natural buffers against future storms, and to avoid costly and repetitive repairs to homes that are likely to flood again. (AP Photo/Wayne Parry) | Wayne Parry

SAYREVILLE, N.J. (AP) — Lou Szabo’s street near the Raritan River has flooded for as long as he can remember.

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