November 2006 Flood Event Prompted a Review
Pierce County is applying for state and federal funding to acquire flood damaged and impacted properties from the November 2006 Flood Event. Many properties located along the Puyallup and Carbon Rivers, as well as an area near Clover Creek in Spanaway, were significantly damaged or impacted by the floods.
Pierce County received requests from more than 50 property owners interested in being considered for a buy-out if funding is secured. A list of interested property owners was developed and a Level 1 Cost Benefit Analysis was performed for each of the properties.
This served to sort out geographically where the most impacted properties had occurred and to determine feasibility versus benefit of acquiring the various properties (See Table 1). This analysis was also needed since potential state and federal funding for property acquisitions is very limited. Acquisition projects have to be grouped, ranked, and prioritized.