New York Tweaks to East Side Flood Project Reflect Local Resilience Impetus
In the latest example of cities undertaking their own climate resilience initiatives, New York has tweaked its East Side coastal resilience project in lower Manhattan.
Under the accelerated schedule, construction would begin in spring 2020 and flood protection would take effect by summer 2023. The city will present the new approach to local elected officials, the Community Board and other neighborhood stakeholders at meetings this fall.
“It pays to be prepared. We cannot rely on the federal government to help us prepare, or to rescue us when a devastating storm strikes,” said storm financing expert Alan Rubin, a principal at Blank Rome LLP.
"New York Tweaks to East Side Flood Project Reflect Local Resilience Impetus," by Paul Burton was published in The Bond Buyer on October 4, 2018.