Property owner groups weigh costs of rebuilding SC dams

A road is washed out from flooding in Columbia, S.C., Tuesday, Oct. 6, 2015. Despite an improving forecast, it will still take weeks for the state to return to normal after being pummeled by an historic rainstorm. (AP Photo/Chuck Burton)

COLUMBIA, S.C. (AP) – Eight months after many parts of central South Carolina were devastated by historic flooding, some Richland County property owners are preparing for a future without the placid lakes that increased their land values and made life pleasant.

The State newspaper reports property owner groups, which own the dams, say they miss the water but that rebuilding would be too expensive.

More than 1.5 feet of rain fell on parts of the Columbia area in early October. Ever since many have been asking how long it would take to rebuild the 48 state-regulated dams that broke across South Carolina.

Some real estate appraisers say a lake can increase the value of property by 15 percent to 50 percent. But building just one could easily top $1 million.

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