CLOSE the floodgates
By Jack Mossman - The Nines Team at Keller Williams in Stockton, The Nines Team at Keller Williams in Stockton
(The Nines Team At Keller Williams)
The potential flooding and increased costs for residents surrounding the Smith Canal in Stockton, California has been an issue for the neighborhood since the FEMA map was finalized last year. Increased costs for flood insurance and a "cloud" for the sales potential for local homes has had a direct impact on property and real estate sales in the area. Homeowners and future buyers in the area have some relief "in sight." FEMA has approved at $30 million flood-control gate to be built at the mouth of the canal opening into the deep water channel. A public relations campaign will be launched for Smith Canal-area residents illustrating that it would be in their best interest to pay an average $300.00 annual 30-year assessment rather than an average $950 annual flood insurance payment. Ho...