The cost for this is estimated to be $34.3 million, which is beyond the funding ability of NEORSD and is not an option being offered. In this scenario (rebuild the dams and manage sediment at both lakes), the cost for Lower Lake improvements are estimated to be $13.6 million and would be NEORSD funded due to the flooding benefits they provide. The costs for constructing a new dam at Horseshoe Lake and managing the sediment are estimated at $20.7 million. As explained in this FAQ and during NEORSD's June 15 presentation, lacking tangible flood control benefits, NEORSD regional stormwater management dollars could not be utilized to build a new dam at Horseshoe and manage the resulting sediment accumulation. As such, the needed $20.7 million would need to come from the municipalities.