Federal Buyout Continues In Picher

The trust in charge of the buyout says 377 families have accepted an offer.

Thursday, August 14th 2008, 6:33 pm

By: News On 6


The federal buyout is still ongoing in Picher. The trust in charge of the buyout says 377 families have accepted an offer. The average buyout is $49 per square foot or more than $64,000 per home.

Still, many are left waiting. Some residents say the process is taking too much time.

"Several of my friends felt that we should have all had money in place and come in and offered everybody at the same time, as soon as they could rather than on the subsidence area," said Picher resident Larry Olds.

The trust says it concentrated on the tornado victims first and is now starting to look at other families in Picher.

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