2008 Iowa Flood (IMAGE) DOE/Oak Ridge National Laboratory Caption Pictured here is the Coralville Dam on the Coralville Lake overflowing into its spillway during the Iowa Flood of 2008. The flood cost $10 billion in damages for the entire state of Iowa, due to the overflowing of the Iowa and Cedar Rivers. After the flood, the Iowa Flood Center at the University of Iowa was established for flood-related research. Credit United States Army Corps of Engineers Usage Restrictions None License Licensed content Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.