Patrick Daniel, president and CEO of Enbridge Energy Partners, announced Tuesday that they will purchase any home at pre-oil spill appraisal within a 200 foot area on either side of the Kalamazoo River, and the entire evacuation zone.
Daniel said the offer includes 200 homes. He also said homes outside the impact zone would be considered for purchase based on a case by case basis.
Daniel said residents have been regularly expressing concerns the oil spill will negatively impact the value of their homes. He also said the offer was made for two reasons. First, he said, homes have not lost value after previous spills. Secondly, Daniel said he wanted to protect home owners from speculators who might come in and offer less for the properties then they are worth.
“That’s not right and we won’t let it happen,” Daniel said of speculators.
To counter that, Daniel said Enbridge will purchase homes in the purchase area that were placed for sale prior to the accident at the list price, and will pay the assessed value of homes prior to the spill on residences that had not been put on the market prior to the incident.
Daniels said he had no idea how much the offer to purchase homes would cost the company, but he did say he did not expect many home owners to take the offer.
He also said the offer was reflective of the Enbridge “culture” and not informed in any way by the lessons of the BP Gulf disaster.
Daniel said the company would hold onto the properties and sell them either at their cost or for a profit at a future date.