everything. >> in a mere four hours, lake delton is drained dry. water coursing into the lower lying wisconsin river. the event ends the billion dollar industry on the lake shutting down resort areas and other businesses. for people whose hopes and retirement plans are tied to the area, the devastation couldn't be worse. >> not only did we lose the home, our land and all of our positions, we really had to start over from every perspective possible. >> rebuilding efforts began soon after the massive flood and within a year the lake is full. and businesses reopen. the area where the frams and others lost their homes is once again a lovely water front. >> this whole area is a new bay. it's now become the deepest part of the lake. that's where everyone's homes were. >> fortunately no one was in any of the houses that sank and no lives were lost. but for the homeowners, sustaining such a painful personal and financial blow, it will take a long time to recover. >> when you lose it, you've lost it forever. and you'll never get it back. >> there it goes. h