In Miami, many tourists and residents alike find the charm of the city has a pull of its own. An array of pleasing characteristics make Miami an ideal place to reside. While beautiful homes surround waterfront lots, there are important factors to consider when looking into local real estate. A question that one may ask: does the street flood during extreme tides? The city is part of a region where climate change will fuel sea-level rise by as much as 10 inches, over the levels of decades ago, by 2030. So ‘will it flood?’ is a buyer’s question. South Florida is home to 6 million people and is projected to grow by 3 million over the next three decades. Most of the estimates of growth rely on the continued enticement of the beaches, waterways and natural environment. Yet, by 2050, an estimated $15 billion to $36 billion of Florida’s coastal property will be threatened by sea-level rise.
Additionally, climate change has a role to play, particularly for the resources of roads and sewer lines in low-lying areas, and storm and flood insurance rates. Residents, for those reasons, are now looking for reassurance that their investments will be secure. Many are beginning to realize that protecting people and property from more intense storms, higher temperatures and sea-level rise will require a massive investment in ideas and infrastructure. Currently there are changes to base flood elevation requirements with increases to sea wall elevation. Developers have started marketing storm-resistant homes and resilient buildings, such as a high-rise in downtown Miami designed to withstand 300-mph winds.
Coming soon: Perma-Liner Industries is busy making plans for you. We’re planning a Trenchless Tour on July 27th in the New England area. We’ll be posting more information on this spectacular event…stay tuned! Click here to register!
