March 28, 2024 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

Economists Wonder: Is It Worth It to Save Oceanfront Development?

From the New York Times:

Economists are coming up with new ways of predicting damage to oceanfront resorts, highways and homes and reassessing the wisdom of further coastal development.

An upcoming study by economists at University of California, Los Angeles; the University of California, Santa Barbara; and San Francisco State University modeled 15 miles of California beaches and found large differences in the costs and benefits of shoring up eroding coastlines.

DSC_4922.JPG

Assuming a low-end estimate of 1 meter sea-level rise, a 100-year flood at San Francisco’s Ocean Beach would cause $285 million in property damage, compared to $107 million in 2000.

At Venice Beach in Los Angeles, damages would rise from $10 million to $131 million. Damages from tourists choosing to spend their dollars elsewhere would also have outsize impact on Venice Beach; the popular stretch of boardwalk would lose up to $7 billion by 2100, compared to $385 million at Ocean Beach if sea levels rise 2 meters, the highest level the researchers analyzed.

Such results would inform policymakers, homeowners and insurers’ decisions on what to do to protect their property: erect seawalls or other barriers, try beach “nourishment” (dumping sand to counteract erosion), or give up entirely and relocate.

To continue reading the rest of the article, click here.

Related Posts

California: Pioneering the Future of Online and Digital Payments

January 11, 2024

January 11, 2024

In the fast-paced digital economy of the 21st century, California has emerged as a powerhouse in the realm of online...

A Guide to the Current Gambling Situation in Canada

January 1, 2024

January 1, 2024

For centuries, gambling has woven itself into the fabric of human culture; in recent years–marking an era where evolution pervades...

Smart Strategies to Save Money in Your Entertainment Budget

December 30, 2023

December 30, 2023

Many individuals and families in today’s fast-paced world share a common goal: finding ways to save money. The entertainment budget...

California’s top sports teams.

December 1, 2023

December 1, 2023

California is known worldwide for a multitude of exciting things. They’re known for their incredible beaches, glorious sunshine, and fabulous...

Your Lucky Numbers: Six Tips Towards Lottery Success

November 30, 2023

November 30, 2023

Have you ever wondered how people win money from the lottery? They may not always hit the jackpot, but they...

Five different ways to unwind.

October 1, 2023

October 1, 2023

Modern life is always busy and it can feel like your to-do list is never ending. When you’re not working,...

Over Half of Short-Term Rentals Advertised in LA Don’t Comply With City’s Home Sharing Ordinance

April 4, 2023

April 4, 2023

Better Neighbors LA report highlights the inadequacies of enforcement measures for short-term rentals in Los Angeles, calling for increased regulation...

Venice Beach Attempted Murder Suspect Arrested in West Virginia

December 22, 2022

December 22, 2022

Brandon Manyo Dixon arrest in West Virginia By Sam Catanzaro A man has been arrested for the attempted murder of...

The Current Gambling Situation in California

December 1, 2022

December 1, 2022

Here’s what to know about everything from online casinos to betting in the state. In the U.S., gambling is a...

Cancer Cartel Provides Financial Help To Cancer Patients

November 16, 2022

November 16, 2022 1

Cancer Cartel is helping cancer patients focus on their treatment, not the financial stress of living with a diagnosis. Learn...

100 Miles of Bus-Only Lanes Within Five Years on City Council Plans

October 17, 2022

October 17, 2022

L.A’s public transportation network is known for being slow due to traffic congestion. A new motion by L.A. City Council...

What Is the Most Effective Way to Sell a Used Car?

October 6, 2022

October 6, 2022

It’s no secret that selling a used car can be difficult. You have to find the right buyer, negotiate a...

How Do I Know What Types of Commercial Trucking Insurance Coverage I Need?

October 1, 2022

October 1, 2022

Running a small trucking company is expensive. You must comply with many rules set forth by the Federal Motor Carriers...

Best Ways To Show Your LA Baseball Love

August 10, 2022

August 10, 2022

Los Angeles is a sports lover’s paradise. In every sport except for the NHL, locals have two teams to choose...

Inspiring Others Through Body Positivity

May 13, 2022

May 13, 2022

Navy Officer Janae Carey Teams-Up with 2022 Herbalife24 Triathlon Los Angeles . Video brought to you by Pudu Pudu.