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The Hudson River-Black River Regulating District has announced repairs to an aging stone dam that holds back the massive waters of Indian Lake, an impoundment that spans more than 4,000 acres.
The Explorer’s Gwendolyn Craig reports the cost is $11 million, with repairs to the leaking, “high hazard” dam to begin in October and take about two years to complete.
A high-hazard dam is one in which, according to the state, “failure may result in widespread or serious damage to home(s); damage to main highways, industrial or commercial buildings, railroads, and/or important utilities, including water supply, sewage treatment, fuel, power, cable or telephone infrastructure; or substantial environmental damage; such that the loss of human life or widespread substantial economic loss is likely.”
The Federal Reserve’s year-long trend on raising interest rates seemed to finally be having an effect on the national real estate market. An 11-year span of increasing home prices finally came to an end, according to data released in March by the National Association of Realtors.
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How much salt?
An interesting nugget gleaned from the state’s recently released Adirondack Road Salt Reduction Task Force report is the role that rock salt plays in the state economy.
“New York State ranks third in rock salt production, providing approximately 16% (~7.7 million tons) of the total national output,” the report states. “Today, rock salt is New York State’s third leading valued mineral product, behind crushed stone and cement respectively, contributing approximately $560 million to the state’s economy annually.”
Which is to say that for every green lobbyist in Albany on the salt issue, there is likely to be someone on the other side of the ball.
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