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New Flood Rules for Natomas Could Sink Local Economy
Potential economic impacts of a proposed re-designation of the Natomas Basin by FEMA
Special to The Union
Published: May 14, 2008 13:10
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Excerpt: {magazine_leadin}A new report presents a gloomy economic picture for the Sacramento region once a proposed federal flood designation becomes effective for the Natomas area in December of 2008. Acting on recommendations from the U.S. Army Corps of Engineers, the Federal Emergency Management Agency has designated the Natomas area as an “AE zone,” or a special flood hazard area, effectively stalling future construction in the basin. The Sacramento Regional Research Institute recently released the findings of a study evaluating…
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