The Brief Crews in the Coconino National Forest near Flagstaff are working on a multi-million dollar forest restoration project across hundreds of acres to reduce wildfire and flash flood risks. Coconino County officials estimate catastrophic flooding in the Upper Rio de Flag watershed could cause up to $2.8 billion in economic losses extending into downtown Flagstaff. Crews are busy in the Coconino National Forest on a multi-million dollar project near Flagstaff, aiming to cut down the risk of wildfire and flash flooding, one deadened tree at a time. The Project:In the San Francisco Peaks, the Leroux East Forest Restoration Project is well underway. "We feel that the more we reduce and mitigate risk for catastrophic wildfire, it should make a very big difference in terms of insurance premiums," Horstman said.