A total failure at Oroville Dam could cost billions in real estate – study

by Anna Sobrevinas17 Feb 2017

With Oroville, Calif., residents evacuated early this week over fears that a damaged spillway in the Oroville Dam could fail, the cost of destruction – and reconstruction – can put a strain on the counties near the dam, according to CoreLogic.

Six counties – Butte, Colusa, Glenn, Sutter, Yolo and Yuba – would be at risk if the dam were to fail. There are 50,047 homes in those counties, and their estimated reconstruction value, or RCV, is $13.3 billion, according to CoreLogic. But only 12% of the at-risk homes are in the Federal Emergency Management Agency’s Special Flood Hazard Area (SFHA).

There are 33,967 properties ranging from 20 to 60 miles from the dam – properties that would still be at risk in the event of a failure, according to CoreLogic. Those properties have an estimated RCV of $9.8 billion, while 16,080 at-risk homes located less than 20 miles from the dam have an estimated RCV of $3.5 billion.

Below are the figures on the counties affected by the flooding:

By county:

County

Number of Homes

Estimated RCV

Butte

15,750

$3,368,371,427

Colusa

2,344

$633,516,296

Glenn

42

$8,202,197

Sutter

25,504

$7,604,338,675

Yolo

262

$64,058,854

Yuba

6,145

$1,584,443,943

TOTAL

50,047

$13,262,931,392

By city and ZIP Code

City

Zip

Number of Homes

Estimated RCV

Biggs

95917

990

$231,498,912

Colusa

95932

2,052

$577,478,166

Gridley

95948

3,122

$810,017,464

Live Oak

95953

2,950

$768,036,402

Marysville

95901

5,237

$1,369,704,343

Oroville

95965

6,867

$1,387,826,184

Oroville

95966

4,528

$912,344,538

Sutter

95982

1,143

$314,284,022

Yuba City

95991

10,293

$2,901,591,425

Yuba City

95993

10,384

$3,444,062,491

TOTAL

 

47,566

$12,716,843,947

Source: CoreLogic


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