Indiana City Gets $600K Grant to Combat Flooding
A southwestern Indiana town has won a $600,000 grant to address its long-running flooding woes by improving its drainage infrastructure.
Newburgh town manager Cynthia Burger tells the Evansville Courier & Press that the funding will add piping for drainage systems and also expand a water-collection basin to better control storm-water around a subdivision, mobile home park and adjacent areas that have faced years of flooding problems.
Newburgh secured the federal grant through the Indiana Office of Community and Rural Affairs after being rejected for the aid twice before. Newburgh received the maximum amount of grant funding.
Along with the grant money, the town will spend more than $200,000 in matching funds to complete the project. Newburgh officials hope to finish the project by June 2013.
- Wildfires Fan Record Sales of Catastrophe Bonds to Backstop Risk
- Cost of a Data Breach Reaches Record $5 Million on Average
- Goldman Sachs Creates $1 Billion Reinsurance Pool With Talcott
- Bodily Injury Is Now A Big Share of Auto Claims Payouts. Is AI to Blame for That Too?