A new report by the Union of Concerned Scientists (UCS) pinpoints portions of the U.S. at greatest risk of declining residential and commercial property values, and diminished city and county tax revenue due to flooding attributed to sea level rise.
The areas impacted face worse high tide flooding due to the effects of climate change, UCS says. The findings are the result of peer-reviewed analysis that used ZIP-code-by-ZIP-code data from Zillow Property Data.
The states found to be most at risk of flooding from rising seas are: Delaware, Georgia, Louisiana, Maryland, Massachusetts, New Jersey, New York, North Carolina, South Carolina, Texas, and Virginia. As much as 70% of some municipalities’ property tax bases could be at risk.
The analysis also provides risk assessment according to:
— Number of homes and commercial properties (by state and zip code).
— Current values of properties.
— The amount of money the properties contribute in annual property taxes, which fund schools, roads, and emergency services.
— How many properties could be spared if warming is limited to below 2 degrees Celsius.
— Near- and long-term impact projections, including within the next 30 years.
— Identification of areas where coastal property owners might experience recurring flooding so severe it limits their ability to live or work in these properties.
Related Stories
| May 31, 2012
Lawsuits push the legal boundaries of green building definition
This article explores some legal issues stemming from lawsuits in which plaintiffs have charged developers with not delivering on a promised level of sustainability.
| May 31, 2012
ANSI approves Green Building Initiative’s design standard
The Green Building Initiative (GBI), a Portland, Ore. nonprofit organization, has had its new consensus-based standard for the design, construction, and operations of environmentally friendly buildings approved by the American National Standards Institute (ANSI).
| May 31, 2012
USGBC testing Minnesota buildings to see if they are living up to LEED standards
The Minnesota chapter of the U.S. Green Building Council (USGBC) has teamed up with EnergyPrint, a St. Paul, Minn. energy consulting firm, to study the energy and water use of more than 150 buildings in the state that have LEED certification.
| May 29, 2012
Reconstruction Awards Entry Information
Download a PDF of the Entry Information at the bottom of this page.
| May 25, 2012
Major retail chains welcome LEED Volume option
Large national chains such as Starbucks, Marriott, Verizon, and Kohl’s are welcoming the LEED Volume Program that enables them to batch certify similar projects.
| May 25, 2012
Alaska’s okay of gravel aggregate with naturally occurring asbestos opens up development
Some long-delayed projects in the Upper Kobuk region of Alaska may now move forward thanks to legislation that allows construction in areas that have naturally occurring asbestos.
| May 25, 2012
Las Vegas building codes may thwart innovative shipping container development
A developer wants to build a commercial development out of steel shipping containers in Las Vegas, but city codes would have to be altered or the project would have to obtain waivers for it to receive the city’s go-ahead.
| May 25, 2012
Collapse of Brooklyn building that killed worker blamed on improperly braced frame
The Occupational Safety and Health Administration cited SP&K Construction with 11 safety violations, for which it could face more than $77,000 in fines.
| May 25, 2012
Study: Safety inspections don’t hurt the bottom line
A new study suggests that random safety inspections by regulators help reduce injury claims without hurting profits.
