In April 2017 the stakeholder-based Matilija Funding Committee published the Matilija Dam Removal and Ecosystem Restoration Project Funding Plan. The Funding Committee (now the Funding and Outreach Subcommittee – see Organization for details) worked with Watershed Protection as the owner of Matilija Dam and the Project’s local sponsor to identify projected costs and timelines for all essential Project components, including pre-construction, construction and post-construction needs and associated program management. Two main scenarios were analyzed: the first assumed an 8-year implementation period (roughly 2017-2025) with the simultaneous construction of all project components; and the second assumed a 15-year implementation period (2017-2032) with the sequential construction of essential project components. Total projected costs with annual escalation ranged from $136.7 million (8-year simultaneous) to $148.5 million (15-year sequential).
The 2017 Funding Plan also included a preliminary funding strategy; an initial survey of state, federal, private and other funding opportunities; and a brief discussion of governance needs (i.e., “a program management structure that ensures adequate resources for final design and implementation of the Project”).
As work has progressed under CDFW’s 2017 design planning grant, the anticipated costs for completing final design plans and implementing most Project components have come into sharper focus. These updates were compiled and shared for use as inputs into an analysis of the Job and Stimulus Benefits of Matilija Dam Removal (see Job and Stimulus Benefits page). This 2020 compilation indicates that total projected costs with escalation have increased to nearly $182 million. More than $22 million of this total has been secured since 2017, as summarized in the table below.
Note: the total secured since 2017 excludes the $3.3 million CDFW design planning grant, approximately $1.7 million in associated program support provided by non-governmental organizations, and more than $2 million in pending state and federal requests for planning and design support. Funds raised and costs incurred prior to 2017 – during the Federal Project phase, and during the transition to the Current Project – are also not accounted for here.