CAS,
I think we're mixing up definitions here. In the industry some of the terminology is largely opinion. So, let me establish my definitions for what I'm talking about.
Consolidation vs. Compaction. It could be said that consolidation is a subset of compaction.
Compacting simply means that the soil will become more dense. (i.e. It will take the same soil particles and fit them into a tighter space.) It usually means applying pressure either actively (tools or equipment) or passively (gravity) removing voids and allowing the soil particles to fit together more tightly because of angularity, air, water, and other factors that have kept the particles a bit apart.
Consolidation is specifically about removing the water voids (not air voids) over time and allowing pressure to reach an equilibrium with the water pressure that is present at the "permanent" water table and ground pressure conditions.
When we have a flood condition, water loosens some packed particles that may have air voids in them. As they break up, they are subject to sediment action which will cause the soil to compact (take up less space). As water leaves the soil it begins to consolidate. The water leaves allowing soil particles to get closer together. (at this point, it is also possible that the exiting water may leave air voids behind instead of compacting it). This continues until the water content vs the soil pressure reaches an equilibrium.
If the water can continue to drain or evaporate at a rate greater than the rate of recharge, it will continue to consolidate. If, however, this is now the new equilibrium water table, then it will not consolidate further unless more pressure is applied to the soil.
If you just need another method of draining the soil, have you looked into wick drains?