Residents of Silver Village Park Return After Flood
Residents have started to return to Silver Village Park, in Silver Creek, New York, after a devastating flood washed away the entire 35 lot mobile home park.
“It’s a miracle that everyone got out” said resident Barb Amrozowicz. “The girl next door to me said “you’ve got to get out”. When I stepped down off my bottom step, it was over my knees.”
All of the mobile homes in the park were destroyed, including the park office. Following the flood, the park had to replace all of its infrastructure at a cost of nearly $200,000. The park now has 11 occupied lots, after the rebuilding. “I think it was a freak thing” Amrozowicz said. “It hadn’t happened in a hundred years. I don’t think it’s ever going to happen again”.
Frank & Dave’s Analysis of This Story:
Can you handle this? Complete loss of income, $200,000 out of pocket, and then only 11 units occupied, down from 35? If not, don’t buy a park in the floodplain. Maybe it won’t happen again. But would you invest your life savings on that gamble?
February 26, 2010 12:28 pm