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| After
suffering extensive damage from Hurricane
Fran in 1996, a small business owner resolved
to rebuild his marina to withstand the "worst-case
scenario" hurricane event. After mitigation
was complete, Hurricane Floyd struck. The
Masonboro Marina sustained no damage and business
was not interrupted. |
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In
1996, the winds and storm surge from Hurricane Fran
caused extensive damage to the Masonboro Marina. |
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With
an SBA loan, the owner invested approximately $75,000
on mitigation measures in rebuilding the marina.
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The
marina was reopened on June 23, 1999. Three months
later, Hurricane Floyd struck. Water levels were
approximately 2 feet below the 13-foot level experienced
in Fran. |
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This
time, the building and supporting infrastructure
performed as expected. The concrete dock and the
equipment that was secured in the marina did not
sustain any damage. |
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Most
importantly, there was no business interruption
as a result of a major hurricane event. From a business
standpoint, this is critical. The bottom line, the
investment of $75,000 in mitigation measures was
recouped in one disaster - Hurricane Floyd. |
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