According to Bloomberg, Washington D.C. is announcing a goal of retrofitting or removing all of its flood-prone buildings by 2050, the first major U.S. city to set such a policy.
“In some cases, we’re going to have to figure out how to do managed retreat and relocation,” said Kevin Bush, Washington’s chief resilience officer and the lead author of the strategy.
The Congressional Budget Office recently projected that hurricanes and storms will consume 0.3 percent of the nation’s GDP, while bond rating companies warn that ignoring extreme weather will hurt cities’ credit ratings.
The same may be true for towns, like Southampton.
To read the full article, please visit this link: “D.C. Is First to Plan to Remove, Retrofit Flood-Prone Buildings”.