While its true that the actual dam wouldn't collapse due the emergency spillway, I'd think that the erosion from flows over the hillside would be of significant concern. Weakening the embankments isn't going to do dam stability any favours as the water would flow across the parking lot and down an unprotected slope.
I was reading current flows out are 2.8ML/s while flows in are around 1.2ML/s so the water level is dropping, but with more rain forecast for Wednesday, the inflows could increase.
Repairs on the spillway would be complicated. You're going to have saturated, unconsolidated material in there. The pictures in that CNN article are a good indication of this because you're seeing further collapse of the overlying concrete without additional water flow, likely meaning you've got settlement underneath. Once you have saturated soils, you are more susceptible to liquefaction events (need a triggering event still - like an earthquake) due to the increased pore water pressure.
The Ex: 2002 Subaru 2.5RSTi w/ JDM V7 STI Swap, JDM 6-Speed Trans, Dom 1.5XTR, ST Coilovers
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