Dams are critical pieces of the nation’s infrastructure, supporting flood reduction, waterborne commerce, hydropower and water supply. But over 50 percent of our dams were built before 1970 and as they age, safety liabilities increase while their effectiveness decreases. Of the nearly 90,000 non-federal dams in the U.S., more than 15 percent are considered high hazard, and many — perhaps as high as 75 percent — no longer serve their originally intended purpose. Rehabilitating dams is often straightforward from an engineering perspective but paying for it faces three challenges. First, it’s not cheap; more than $75 billion is needed nationwide, including $24 billion for high-hazard dams a
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