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City of Fargo Holds Largest Flood Buyout Auction Yet - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

City of Fargo Holds Largest Flood Buyout Auction Yet

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Some large Fargo homes were going for bargain prices on Tuesday, with the only catch being they will have to be moved from their water-front properties. The City of Fargo held a flood buyout auction to get rid of homes in flood-prone neighborhoods along the Red River.

It happened in the city commission room at Fargo City Hall at 1:00 p.m. Tuesday. A total of 35 homes and two additional structures were auctioned off.

Some of the homes are on Woodcrest Drive in North Fargo, but the rest are along the water on the city's south side. Majority of the homes are on River Drive South or Hackberry Drive South.

Around 40 bidders were at city hall for the auction Tuesday afternoon. The city also streamed the auction live online and potential buyers were able to call in their bids. The city wants homes either moved or demolished by April, and is suggesting the buyers have that process finished by March 31.

If any of the homes up for auction aren't bid on, they may reappear at an auction in the future. Fargo city officials say there are already more buyout agreements for a handful of homes in the Prairie Rose neighborhood. Another buyout auction will likely take place around mid-to-late summer.

A Fargo city engineer says homeowners who refuse to be bought-out will be fending for themselves as the river rises in the spring. The city will not provide flood protection for those homes.
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