New estimate for University of Iowa flood damage - KWWL - Eastern Iowa Breaking News, Weather, Closings

New estimate for University of Iowa flood damage

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IOWA CITY (AP) -- The damage estimate from last summer's flooding at the University of Iowa has nearly tripled to $743 million.

University officials released the new estimate on Friday. It includes all building and content damage and the costs to relocate building complexes for theater and art.

The estimate also includes future efforts to prevent flooding, such as putting bulkheads in steam tunnels to prevent underground water from gushing into buildings.

The university's share, after reimbursement through flood insurance and the Federal Emergency Management Agency, is about $185 million.

Officials will present the information about flood recovery to the Iowa Board of Regents next week. Flood damage was estimated at $232 million shortly after the last June's flood and didn't include many costs.

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Information from: The Des Moines Register, http://www.desmoinesregister.com

(Copyright 2009 by The Associated Press. All Rights Reserved.)

APNP-03-14-09 1551CDT

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