Olsen Dam, located in Cheyenne, Nebraska, is a privately owned structure designed by USDA NRCS with a primary purpose of flood risk reduction. Completed in 1971, this earth dam stands at a height of 24.6 feet and has a storage capacity of 89.2 acre-feet, with a normal storage level of 22.5 acre-feet. The dam is situated on TR-LODGEPOLE CREEK, within the jurisdiction of the Nebraska Department of Natural Resources, and is regulated, inspected, and enforced by state authorities.

With a low hazard potential and a condition assessment that is currently not rated, Olsen Dam plays a crucial role in mitigating flood risks in the area. It covers a drainage area of 0.95 square miles and has a surface area of 4.8 acres, providing essential protection to the surrounding community. Despite its age, the dam has been regularly inspected, with the last assessment conducted in 2013, emphasizing the commitment to ensuring its structural integrity and safety.

As an important component of the flood risk reduction infrastructure in Nebraska, Olsen Dam stands as a testament to effective water resource management. Its strategic location and design demonstrate a proactive approach to safeguarding against potential flooding events, highlighting the significance of sustainable water management practices in the face of changing climate conditions. With ongoing state oversight and regulatory measures in place, Olsen Dam continues to serve as a vital resource for the community in managing water resources and enhancing climate resilience in the region.