We could sit here and talk about fair and not fair and all the "what if" in the world. I understand your need to pitch this. However, this is not Florida, and these mistakes have already been made here in Alaska. You would be a fool to assume that we should take a chance with my money, my neighbors’ money, and other established communities we have all invested in just to hope it doesn’t happen. It’s easy for you to say that because it is not your money. It is a mistake to hamper the many for the benefit of a few. 
I also think it’s funny…the liberal mindset that everything is free and should be fair. Then when a state like Florida does something like what you say to increase tax revenue and buy someone out a fair market value….suddenly it is no longer fair because it is unfair to the people who sold. You cannot have your cake and eat it too!