Oregon could experience a magnitude-8.7 or larger earthquake in the next 50 years.
This webinar will present key findings in a case study by the Multi-Hazard Mitigation Council (MMC) of the National Institute of Building Sciences that estimates the benefits of a seismically resilient runway at Portland International Airport (PDX).
Using NIBS’ groundbreaking Natural Hazard Mitigation Saves research, MMC found that an upgraded resilient runway at PDX could:
- Save up to $50 for every $1 invested on mitigation
- Protect lives, speed the re-occupancy of homes and businesses, and reduce business interruption
- Be better able to resist large earthquakes on the Cascadia Subduction Zone
- Greatly improve the region’s response and recovery efforts
MMC published four editions of the Natural Hazard Mitigation Saves study between 2005 to 2019. It found that mitigation saves up to $13 per $1 invested (national average) across multiple kinds of disasters and a wide variety of approaches. These include adopting up-to-date building codes, exceeding codes, and retrofitting existing private- and public-sector buildings, utilities, and transportation infrastructure. The PDX case study extends Natural Hazard Mitigation Saves by shedding light on the fragility and the value of resilient air transportation.