EASTERBROOK, Chief Judge.
A residential developer built a new subdivision of Indianapolis in the floodplain of the White River. Both the developer and the buyers (who have organized as Sycamore Springs Homeowners Association) knew that the land is low-lying and prone to flooding. Sheehan, the developer, constructed levees and floodwalls to protect the houses; it also built retention ponds and a stormwater holding system. The Courtyard Homes at Sycamore Springs, LLC...
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