Columbia University's Lamont-Doherty Earth Observatory: Waterfront Development Added Billions to Property Values Exposed to Hurricane Florence
April 22, 2020
April 22, 2020
NEW YORK, April 22 -- Columbia University's Lamont-Doherty Earth Observatory issued the following news:
Rapid development in flood-prone zones during recent decades helped boost the amount of property exposed to 2018's devastating Hurricane Florence substantially, a new study says. It estimates that the value of property in North Carolina and South Carolina potentially exposed to flooding at $52 billion--$42 billion more than at the start of the century (in 2018 dollars). While much . . .
Rapid development in flood-prone zones during recent decades helped boost the amount of property exposed to 2018's devastating Hurricane Florence substantially, a new study says. It estimates that the value of property in North Carolina and South Carolina potentially exposed to flooding at $52 billion--$42 billion more than at the start of the century (in 2018 dollars). While much . . .