START WITH ASSESSING THE RISK TO YOUR OWN PROPERTY/COMMUNITY
New York city has started a major climate resiliency project along Manhattan to help reduce future flood risk.
“If we’re going to spend billions of dollars on
this, why not create more of the most valuable real estate in the world?” Rutgers
University-Newark Professor Jason Barr asked.
Barr said the value of the new land could leverage a new subway line, parks, infrastructure and most important of all — mixed-use housing with a strong percentage of it affordable.
Barr has heard much “it can’t be done” skepticism
and incorrect claims that the vision would end up as a giveaway to
billionaires.
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