YORKTOWN, Ind. (AP): An engineer says a plan to create Indiana's first new reservoir in more than four decades is fatally flawed because there would be no buyer for its water for 35 years.

Former Department of Natural Resources engineering director Thomas Holman tells The proposed $440 million Mounds Lake Reservoir would have minimal impact on flood control and isn't needed to boost the water supply because it's cheaper to bring water from the Ohio and Wabash rivers.

The Corporation for Economic Development of Madison County is leading the effort to create the 2,100-acre reservoir between Anderson and Muncie. The project would flood a mall, adjacent business properties, about 400 homes and part of Mounds State Park.

Holman says the project isn't a wise use of money.