I am on a 1 acre hill-side near the Oregon coast. The previous owner of this property decided it was a good idea to plant some type of invasive bamboo that covers a good 50% of the property (mostly the sloped backyard facing the ocean) and never maintained it. It covers a sloped area about 150ft by 50ft (running laterally along a hill). The bamboo is about 10-15ft tall and VERY thick! It is very aggressively killing everything else.
I'd like to restore the hillside to its natural species like ferns, silktassel, ocean spray, ninebark etc. I'm pretty discouraged reading about how difficult a task this might be and it seems as though all of the suggestions are basically: mow, wait for it to regrow and spray it with as strong an herbicide you can legally buy. Repeat process multiple times. I may be restricted on heavy herbicide use as I have a creek running through part of it which feeds the community water system. I'd have to ask my water district manager, but prefer not to do this regardless. My ideas thus far:
Hand root out all of it, a section at a time replacing slowly with a faster growing native bush / ferns etc.
Cut it all down at once, cover with black plastic.
Cut it down and mulch in native species, the idea being the mulch would kill the bamboo while supplying nutrients for the newly planted natives.
Tie it off/lasso with a cable / rope and pull it out in large clumps with a tractor then compost it or burn it.
Buy a goat!
Which is most feasible? Are any of these methods likely to work? I'm not 100% joking about the goat!

I don't mind waiting before replanting... but i'm concerned with the 70 inches of rain we get per year here, if this will be an erosion concern after removing all of the roots on a large section of hillside. According to a local geologist, most of this area is pretty stable. But, still concerning I would think? Maybe I'm worried about something that wouldn't be an issue...
– maplemale Oct 10 '16 at 23:49Ya... feels wrong. :)
– maplemale Oct 11 '16 at 16:35The geologist says we are on mostly sandstone a few feet below the dirt and I shouldn't worry too much about erosion. Turns out the water district doesn't care about my creek. It feeds straight into the ocean 200 ft down and no one pumps from that creek.
A neighbor got rid of his bamboo the digging method... I think that's going to be my choice.
– maplemale Oct 11 '16 at 16:39I decided to eradicate small areas at once when we want something different, but left most of it for now. It will come back and seems to just require re-cutting / digging and pulling every few weeks for a season, then it poops out or whatever else I planted takes over enough to keep the bamboo at bay - sometimes. It can be horrid though... I can literally watch it grow from a run 10ft into the yard. I've seen my variety grow around 18" in 24hrs! What the heck?! Fun fact... the dried shoots go off like m80 fireworks in the firepit! :)
– maplemale Oct 23 '17 at 22:12