Federal funds to buy out owners’ flood-prone homes go unspent
“You either fortify yourself and stay or tell people to leave”
On a recent rainy afternoon near the Jersey Shore, John Spodofora, the mayor of Stafford Township, stood at the edge of the water and pointed to a spot in the salt marsh where he wants to build a giant berm to blunt the force of hurricanes. Stafford is on the western side of Barnegat Bay, the 40-mile body of brackish water north of Atlantic City that’s surrounded by blue-collar bungalows, cheap motels, and oceanfront mansions. In 2012, Stafford took a direct hit from Hurricane Sandy, which destroyed 3,000 of its homes. Rather than leave, most residents chose to rebuild.
The berm project would cost as much as $100 million, money the town doesn’t have. Spodofora is hoping the federal or state government will fund it, even though most of the 5,000 homes the berm would protect will likely be underwater in a few decades with or without it. Still, Spodofora is committed. “There’s no areas of my town that I can say aren’t worth protecting,” he says.
In coastal New Jersey, the debate about whether the climate is changing has been superseded by a more urgent question: What to do about it? While local officials such as Spodofora want to build walls against rising seas and fiercer storms, environmentalists say that delays the inevitable. The best policy, they say, is to encourage people to move inland and let the most vulnerable areas disappear into the water.
They may have found allies in the Federal Emergency Management Agency. After spending more than $278 billion on disaster relief over the past decade, the agency has begun to consider a change in tactics. In March, Bob Fenton, FEMA’s acting administrator, told a meeting of state emergency directors that governments need to find ways to reduce risk. “We need to move out of threatened areas,” he said. New Jersey shows just how hard that will be.
Diese Geschichte stammt aus der May 8 - May 14, 2017-Ausgabe von Bloomberg Businessweek.
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Diese Geschichte stammt aus der May 8 - May 14, 2017-Ausgabe von Bloomberg Businessweek.
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