FL Gov Offiicials Convene To Gauge Sea Level Rise Impact - Business Community Uninterested

[hatrack]

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But while officials here and in other coastal cities, many of whom attended a two-day conference on climate change last week in Fort Lauderdale, have begun to address the problem, the issue has gotten little traction among state legislators in Tallahassee. The issue appears to be similarly opaque to segments of the community — business, real estate, tourism — that have a vested interest in protecting South Florida’s bustling economy.

“The business community for the most part is not engaged,” said Wayne Pathman, a Miami land-use lawyer and Chamber of Commerce board member who attended the Fort Lauderdale conference. “They’re not affected yet. They really haven’t grasped the possibilities.”

It will take a truly magnificent effort, Mr. Pathman said, to find answers to the critical issues confronting the area. Ultimately, he said, the most salient indicator of the crisis will be the insurance industry’s refusal to handle risk in coastal areas here and around the country that are deemed too exposed to rising seas.

“People tend to underestimate the gravity here, I think, because it sounds far off,” said Ben Strauss, the director of the Program on Sea Level Rise at Climate Central, an independent organization of scientists. “People are starting to tune in, but it’s not front and center. Miami is a boom town now, but in the future that I’m very confident will come, it will be obvious to everyone that the sea is marching inland and it’s not going to stop.” The effects on real estate value alone could be devastating, Mr. Strauss said. His research shows that there is about $156 billion worth of property, and 300,000 homes, on 2,120 square miles of land that is less than three feet above the high tide line in Florida.

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http://www.nytimes.com/2013/11/11/us/south-florida-faces-ominous-prospects-from-rising-waters.html

[Laelth]

1. k&r for exposure. n/t

-Laelth