Monday, February 21, 2011

What's All That Buzz 2-21-11


According to the Association of State Dam Safety Officials, more than 4,400 of the nation’s 85,000 dams are considered susceptible to failure. The failure of these dams would undoubtedly cause enormous damage to life and property. However, the potential repair costs are also staggering. State dam safety officials’ group estimates a total cost of $51 billion to rehabilitate all dams. However, the question is who would pay for these costs. Two-thirds of all dams are private. The remaining dams are owned by state and local governments. During this recessionary era, nobody seems to be willing to finance such enormous projects.

To read more about this topic, please visit the New York Times

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