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re: Giles Island For Sale - $20M

Posted on 6/25/20 at 12:32 pm to
Posted by White Bear
Yonnygo
Member since Jul 2014
13815 posts
Posted on 6/25/20 at 12:32 pm to
quote:

the USACE must do something with this continuous flooding.
Posted by Motorboat
At the camp
Member since Oct 2007
22666 posts
Posted on 6/25/20 at 1:28 pm to
quote:

as the USACE must do something with this continuous flooding.


Posted by AlxTgr
Kyre Banorg
Member since Oct 2003
81604 posts
Posted on 6/25/20 at 1:33 pm to
Get them to the Red River first. Maybe they could use it for practice.
Posted by lsu13lsu
Member since Jan 2008
11476 posts
Posted on 6/25/20 at 1:36 pm to
quote:

Isn't that the old Rifle Point club?



No, big Atlanta tract home builder bought that.
Posted by No Colors
Sandbar
Member since Sep 2010
10348 posts
Posted on 6/25/20 at 1:37 pm to
quote:

In my opinion someone will purchase it for close to asking price as the USACE must do something with this continuous flooding.


Dude...the USACE created this problem. And the only thing that is going to fix it is if the river jumps the ORCS and flows into the Atchafalaya. The USACE hasn't the ability, the money, nor the inclination to fix this problem.

And basically every river property south of Memphis is on the market right now. There are very very few buyers and lots of sellers. River land is going lower.
Posted by michael corleone
baton rouge
Member since Jun 2005
5806 posts
Posted on 6/25/20 at 1:46 pm to
Mang/Meng bought rifle pt.
Posted by White Bear
Yonnygo
Member since Jul 2014
13815 posts
Posted on 6/25/20 at 2:43 pm to
quote:

Dude...the USACE created this problem. And the only thing that is going to fix it is if the river jumps the ORCS and flows into the Atchafalaya. The USACE hasn't the ability, the money, nor the inclination to fix this problem.
It's not fixable without letting her go back to "natural".
quote:

And basically every river property south of Memphis is on the market right now. There are very very few buyers and lots of sellers. River land is going lower.
Over valued anyway. See up-thead - a 10x value increase in 30 yrs?
Posted by turkish
Member since Aug 2016
1738 posts
Posted on 6/25/20 at 3:09 pm to
Overvalued? It is certainly a very interesting debate.

Bottomland hardwoods are a unique and productive ecosystem. Value of outdoor recreation has never been higher.

The 90s was the right time to buy and timing is important.

When you take that $20M and put it on a per acre basis, add in timber value, improvements, and exclusivity to the lease, basically in perpetuity... I’ve seen people pay a lot more per acre on crappier places.
Posted by White Bear
Yonnygo
Member since Jul 2014
13815 posts
Posted on 6/25/20 at 3:35 pm to
It's overvalued because I can't afford it. Nah it's a BS argument to blame the USACE for the high rivers IMO. Think of how things would likely be with no levees and the river was left in its natural state.
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5135 posts
Posted on 6/25/20 at 3:39 pm to
L
quote:

Over valued anyway. See up-thead - a 10x value increase in 30 yrs?


I would think anywhere that has good deer hunting has increased 10 fold in price over the last 30 years

Duck hunting as well

Leases for sure

$1000 blinds in 1990 are going for 10k nowadays easy
This post was edited on 6/25/20 at 3:40 pm
Posted by DeltaDoc
The Delta
Member since Jan 2008
16089 posts
Posted on 6/25/20 at 3:57 pm to
A place like this is worth what someone is willing to pay for relative to their means to pay for it.

If you’ve ever hunted behind the MS River Levee, you’ll know what I mean. It’s a completely different and unique hunting experience.

The flooding is causing issues though, no doubt.

Part of the uniqueness, which is the animal density and quality, is being taken away by yearly floods.
This post was edited on 6/25/20 at 3:58 pm
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 6/25/20 at 4:04 pm to
Whoever buys it either doesn't have any sense or has too much money or both.
IMO the constant high river is "the new normal" as much as I hate that phrase now.
Posted by Giantr63
Member since Mar 2019
32 posts
Posted on 6/25/20 at 4:07 pm to
No Sh**, I have lived on the river for 50 years. My point is that if the USACE does not dredge the sand plug out at the ORCS then there will be a catastrophic failure of one of the structures are the levee. I guess I should have explained in detail what was alluding to about USACE must do something.
Posted by White Bear
Yonnygo
Member since Jul 2014
13815 posts
Posted on 6/25/20 at 4:08 pm to
I'd say wooded/ag tracts west of Giles and a little north (landward of the levee) have probably 4-5x in the same time frame (30yrs), non-irrigated farm land. I don't, however, have any data to support that except for what I've seen personally.

I understand batture is unique and "Giles" is basically a brand now so it's doubly unique.
Posted by White Bear
Yonnygo
Member since Jul 2014
13815 posts
Posted on 6/25/20 at 4:09 pm to
quote:

No Sh**, I have lived on the river for 50 years. My point is that if the USACE does not dredge the sand plug out at the ORCS then there will be a catastrophic failure of one of the structures are the levee. I guess I should have explained in detail what was alluding to about USACE must do something.
You think things changed drastically in 2011? Seems like they did.
Posted by Giantr63
Member since Mar 2019
32 posts
Posted on 6/25/20 at 4:16 pm to
Yes that is when the drastic change started. The data proves it, look at rainfall in Mississippi valley versus number of days of flood stage at Natchez. I believe all of this will be proven in the current lawsuit against USACE. The build up in the River near the ORCS slows flow therefore allowing more sediment to fall out and decrease flow = less natural scour.
Posted by No Colors
Sandbar
Member since Sep 2010
10348 posts
Posted on 6/25/20 at 6:04 pm to
quote:

My point is that if the USACE does not dredge the sand plug out at the ORCS then there will be a catastrophic failure of one of the structures are the levee.


You understand that this is literally impossible, for about 15 different reasons. But I will mention a few of them:

1) The sand plug has been estimated at something like 1 billion cubic meters of material. Which would cost 10s of billions to remove. And would cost billions a year just to maintain.

2) Where would they put it?

3) The technology doesn't exist.

4) The political will does not exist. It is not a high impact issue to the public.

5) The Corps can't even get funding for locks and bridges, much less this boondoggle.

6) The studies would take decades. The lawsuits would take lifetimes.

I could go on and on and on. The Corps put this material here when they tried to lock down the river by building ORCS. They can't fix it now.

Rivers will continue to flood higher until the ORCS fails. It might happen in 10 years and it might happen in 100 years. But it will happen.
Posted by noon0707
Saint Amant
Member since Sep 2010
182 posts
Posted on 6/25/20 at 6:17 pm to
Where can I find more information on this? I’m very interested in this topic. Any maps or graphs that you could tell me about? I agree at some point Mother Nature will get us no matter what. Just curious about it. I know there’s a huge sandbar that’s getting bigger around Angola that chokes the river down. Sure seems the rivers been higher than usual in the last several years
Posted by LSU316
Rice and Easy Baby!!!
Member since Nov 2007
29286 posts
Posted on 6/25/20 at 6:39 pm to
quote:

Rivers will continue to flood higher until the ORCS fails. It might happen in 10 years and it might happen in 100 years. But it will happen.


Any way they can do studies and narrow that time frame down so that people can prepare? Is that something society on the Gulf Coast could even prepare for?

Legit wondering.
Posted by No Colors
Sandbar
Member since Sep 2010
10348 posts
Posted on 6/25/20 at 6:46 pm to
LINK

Here is a link to a presentation by the LSU professor who is doing the most work on this. He is Chinese and his accent is hard to follow. But the data is there.

This is from 2013 I believe. And at that point the bottom of the river had risen something like 7 feet by his calculations. By now it must be getting close to 10 feet.

He shows the sand bars from the 80s and then from 2010 via aerial photos. It is astonishing. You can't argue with the math. And when he says the bottom of the river is 7 feet higher than it used to be....just look at the river levels of the past 10 years. And 7 feet higher seems about right. And it is growing.
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