150 Iowa Homes, Businesses Eligible for Flood Buyout Plan

More than 150 homes and eight businesses in Cedar Falls are expected to be demolished through flood buyout programs.

City officials told the Waterloo-Cedar Falls Courier that 144 of the 226 properties eligible for buyouts in the wake of 2008 flooding have already been accepted into the program. The city says it expects the number to grow by a few more by the filing deadlines in 2012.

Demolition is estimated to cost $13.5 million. The city says 111 of the properties purchased through buyouts have already been torn down.

Officials are trying to decide what to the do with the land, which must remain green space under the terms of the federal buyout programs. Three separate programs are being offered.