Business

Critics question the wisdom in constantly rebuilding coastal communities

November 19, 2012

The New York Times has an article today on the tens of billions of tax dollars that have been spent on subsidizing coastal reconstruction in the aftermath of storms. New York, New Jersey and other states hit hard by Hurricane Sandy may require $30 billion in federal funds to rebuild. I think we can expect more discussions on this in the coming months. Read
As Coasts Rebuild and U.S. Pays, Repeatedly, the Critics Ask Why.

  • joe November 19, 2012 at 5:12 pm

    Isn’t New Orleans below sea level. A great idea to build a city there when the mode of transportation was boats. What should be done with it now? Is there any city that has received more federal funds than N.O.?
    Would posters here put that city in the same category or is the cultural and historical value worth the constant bucks, much of which is re-directed by New Orleans politicians?

  • RTDavis November 19, 2012 at 2:31 pm

    Stop the madness! Let the affected property owners bear the expense. Asking unaffected taxpayers to bear the expense is ludicrous. We need to rollback this notion that governments (local, state, and federal) are allowed to use tax revenues to subsidize structure rebuilding or beach replenishment costs.

  • Eric Stevenson November 19, 2012 at 11:59 am

    Nothing new under the sun. Even in Biblical times they knew better “But everyone who hears these words of mine and does not put them into practice is like a foolish man who built his house on sand. The rain came down, the streams rose, and the winds blew and beat against that house, and it fell with a great crash.”
    There should be a corollary parable about the people who subsidize the rebuilding of the house for the rich man that built the house with the people’s money.

  • EPenn November 19, 2012 at 9:06 am

    It’s ridiculous to rebuild what should never have been built there in the first place. What is really crazy in this entire scenerio is that the insurance companies spread the costs of rebuilding to all its costomers; so that, even the smart people who know better than to build a house which will be destryed every 10 years have to pay to rebuild for the idiots. thanks!

    Defintion of Barrier Island:
    Any low sandy island that is parallel to the mainland and protects it from storms. (See Cape Hatteras.)

    •Barrier islands normally change location every ten to thirty years, a fact that makes coastline management a major problem in environmental policy.

    Read more: http://www.answers.com/topic/bar-landform#ixzz2CgIUYLPG

    Please note that they are suppose to move! Don’t build on things that are suppose to move! duh…