Paying Top Dollar to Watch It Flow Into the Sea
Reason. Free Minds • Free Markets Investigative · Water Policy · Fiscal Accountability Infrastructure Government Failure Special Report · March 2026 How decades of deferred maintenance, regulatory timidity, and bureaucratic buck-passing turned Southern California's water infrastructure into a machine for destroying value — and why a near-disaster on Oahu's North Shore is the most honest picture yet of where this road leads. Compiled from CalMatters, San Diego Union-Tribune, CBS 8, Voice of San Diego, KPBS, Honolulu Civil Beat, NPR, CNN, ASCE Infrastructure Report Card, DLNR Records, SDCWA Rate Filings, and SEC Documents March 21, 2026 Bottom Line Up Front On March 20, 2026, a 120-year-old earthen dam on Oahu came within three feet of catastrophic failure during Hawaii's worst flooding in two decades. The dam's owner, a subsidiary of NYSE-listed Dole plc — an $8.48 billion-revenue Irish-American multinationa...