COLUMBIA, S.C. (AP) - South Carolina homeowners living around lakes where dams failed in the historic flooding face uncertainty about when their properties will be waterfront again.
The State newspaper reported (http://bit.ly/1lpXJgJ ) rebuilding dams will cost six figures, and state regulators must approve the work. That means timetables are uncertain.
Karen Jones has lived on Lake Elizabeth in Richland County for 15 years. She says she felt like she was on vacation everyday as residents fished and rode in paddle boats.
But the lake's 115-year-old dam failed during the Oct. 4 rains, draining more than 8 million gallons of water. Jones' home now looks over 32 acres of muddy ground.
Former Richland County assessor John Cloyd says lakefront land could make up 30 percent to 40 percent of a home's total value.
Information from: The State, http://www.thestate.com
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