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<br /> <br />. <br /> <br />l!lCONOJ.l~C ~l!lC:L'(3..P;ro)?e!t't~ 'Va.lueS', both on thej;>rotected fa,:I:'IIlland~ <br />and in the town w01.1ld become -mo!t'e sta,blewtth reduction of the :flood <br />threa,t, Land ~se ~~, not ex)?ectedto change after construction of the <br />p:t'oject, wi"th e:xceptton of the posstbUity, of farming of ~ome presently <br />unfarmed areas behind the levee. Regional g!t"owth will probably not be <br />a;t.tered in the i'lllJ1\ediate fut11!l:'e, The project is not ex;pected to have <br />a, signtftcant effect on employment or the local labor fo:t'ce. Direct <br />economic benefits would result from the project and these benefits are <br />discussed in APpendix 3 entitled, ""ECONOMICS OF THE SELECTED PLAN." <br />OTHER EFFECTS. Post,.;project and pre...project flood plains and <br />depthS' were investigated to determine the effects of induced flooding. <br />:L'he average increase in the depth of flooding for the design discharge <br />on the Arkansas River and Wild Horse Creek is 1.6 and 1.75 feet, <br />:t'espectively, Although the affected area is primarily low valued <br />agricultural property, flowage easements would be required for approxi- <br />ma,tely 3,330 acres as shown on Plate 16, <br /> <br />ECONOJ.lI'Cs OF THE SELECTED PLAN <br /> <br />METHODOLOGY <br />The tang1ble economic JuS't;Lf1ca,tion of the proposed improvements, <br />can be a,s'cerila,ined by comparing the equi'Valent average annual charges <br />(initi-al costs, opex-aMon and tnatntenance, and lIlaJor x-epla,cement costs) <br />with an estiMte o:\' the eq.uivalent a,verl!-ge annual benefits which <br />px-obablY would be rel!-lized over the selected 50~ear period of analysis.p <br />. <br /> <br />31 <br />