Many of these stories are ginned up a bit, as they are PR for civil engineer societies. My wife worked for a water utility in an old city. Outside her bosses office was a lined wooden pipe that had been in place since 1680 or so, and was removed during a construction project. Unless the pipes are riveted, they have a surprisingly long service life, and techniques exist to spot at risk pipes and even make some repairs…
Tell that to the kids in Flint, Michigan who got sick because the city's water pipes were too old (and the city wasn't willing to pay for appropriate water treatment to account for that). Or the ones in NYC who have been drinking from lead-laced school fountains. And those 500 year old wood pipes may still work, but they probably leak like sieves. NYC, for instance, loses billions of gallons a year to leaks in the pa…
Those individuals were held criminally responsible. Unfortunately, society and the citizens of Flint bear the cost and consequence of their misbehavior.