Miami Beach property values may fall as sea levels rise: experts

I came across this rather interesting article. Maybe when politicians start to see things in dollars and cents, they will begin to act.

Miami Beach property values may fall as sea levels rise: experts

The ocean could rise two feet by 2060, putting western half of Miami Beach under water

April 07, 2016
By Erik Bojnansky

But you don’t have to wait 84-years to see the adverse effects of sea-level rise. Bolter said that in as little as 15 years, flooding in Belle Isle will grow much worse, especially at Island Terrace, a 16-story condo built in 1967. “It’s coming up not just at the sides,” she said while showing Lidar maps depicting future sea-level rise at Island Terrace and Belle Isle. “It comes up from underground.” That’s partly because the limestone that South Florida land is predominately made of us is extremely porous. Because of this, not even sea walls will stop the flow of water, Bolter added.

By 2060, Bolter continued, the oceans are projected to rise by two feet. At that level, “the western half of Miami Beach is under water.”

http://therealdeal.com/miami/2016/04/07/miami-beach-property-values-may-fall-as-sea-levels-rise-experts/#sthash.ziGrzluJ.dpuf

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