Fuel Oil Discovery Slows Creek Project In Mount Carmel
| By LARRY DEKLINSKI; LARRY DEKLINSKI (Staff [email protected]) | |
| Proquest LLC |
Bucanelli said the oil has been in the ground for quite some time; however, UGI, which has a pipeline and property in the vicinity, took the initiative to address it.
"UGI stepped up and took responsibility; however, there is no negligence on their part," Bucanelli said. "They already hired a team to clean it up."
Although the discovery set the project back a few
steps, Bucanelli said snags in projects of this magnitude often occur and can't be predicted.
The project includes building on-site or installing pre-cast channel walls for nearly a mile, building new bridges at North Walnut and North Chestnut streets, and constructing an open pool and levy system that will break the flow of the water near the Silver Bowl stadium at the west end of the borough. The targeted completion date is
"We have been delayed a little bit, but progress is not far off track," Bucanelli said. "Right now, the contractor has completed the lower end, near the stadium."
Will lower insurance
The new channel is intended to increase water capacity, which should keep nearly 100 houses along
Along with preventing flooding, Bucanelli said the new channel will redefine the flood zone, which is anticipated to lower - or eliminate altogether - flood insurance costs for area property owners.
According to
"If you are 18 inches above the elevation, you can get flood insurance for a couple hundred dollars a year," Bucanelli said. "Insurance rates go up astronomically if you are below base flood elevation."
A homeowner can be charged as much as
"None of those homeowners (living along Shamokin Creek) would be able to sell their properties because the flood insurance would cost more than the house. It could wipe out a significant portion of the tax base," Bucanelli said. "The key is how the project is going to save a big portion of the borough."
Bucanelli said the area will be reassessed by
| Copyright: | (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |
| Wordcount: | 553 |



Advisor News
- Take advantage of the exploding $800B IRA rollover market
- Study finds more households move investable assets across firms
- Could workplace benefits help solve America’s long-term care gap?
- The best way to use a tax refund? Create a holistic plan
- CFP Board appoints K. Dane Snowden as CEO
More Advisor NewsAnnuity News
- Court fines Cutter Financial $100,000, requires client notice of guilty verdict
- KBRA Releases Research – Private Credit: From Acquisitions to Partnerships—Asset Managers’ Growing Role With Life/Annuity Insurers
- $80k surrender charge at stake as Navy vet, Ameritas do battle in court
- Sammons Institutional Group® Launches Summit LadderedSM
- Protective Expands Life & Annuity Distribution with Alfa Insurance
More Annuity NewsHealth/Employee Benefits News
- Data from Stanford University Provide New Insights into Managed Care (The environmental chemical exposome and health insurance: Examining associations and effect modification of epigenetic aging in a representative sample of United States adults): Managed Care
- National Center for HIV Researcher Details Research in Health Insurance (Behavioral Readiness for Daily Oral PrEP in a Diverse Sample of Gay, Bisexual, and Other Men who have Sex with Men Who Have Not Been Offered PrEP by a Provider): Health Insurance
- When health insurance costs more than the mortgage
- Farmers Now Owe a Lot More for Health Insurance
- Health care outlook: Volatility and potential coverage gaps
More Health/Employee Benefits NewsLife Insurance News