Boston’s Seaport District may be a testing ground for climate change adaptation
bloomberg.com
bloomberg.com
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Having lived in the city during the Big Dig, I'd wager that's a lowball estimate.
And of course there's all the people who aren't indirectly connected to politicians but who stand to benefit and the politicians will see that they benefit because votes. Look into the rules for billing hours for state police traffic details during the big dig if you want to see a good example with this. Now imagine that kind of fat in every industry that is related to a project and it's easy to see how costs go crazy.
If you ask someone how long something will take, they tend to give roughly the same answer as if you asked how long it will take in the best case scenario. Estimating project time is hard, and people are bad at it in general.
The best method seems to be to instead ask "How long did the most similar project you've done take?" but that does require the estimator to have done a somewhat comparable project.
Is this overkill? Oh heck yes. But it seems to really put a fire into me to make sure that these things run smoother.
Many of those assets didn't exist ten years ago. You can go back in time using Street View in Google Maps. Look for the Seaport Hotel, and check out the difference between 2007 and now.
For photos and video of Seaport flooding: https://expo.masslive.com/erry-2018/06/b4cac6d9df3737/is_it_...
Edit: Sorry, I haven't had my coffee any my cynicism isn't up to normal levels yet. As mentioned, of course they'll get the state to bail them out. There's a chance they might not but as a group they're the ones with the power and the influence. Every few years some houses fall into the sea. It basically always winds up in court with the owners suing the town and/or state. I can't imagine it not going in their favor if the places underwater are in the Boston area. The cumulative political clout would be insurmountable.
That said, so what if they bail them out? If they don't bail them out then it's not like the state won't still take everyone's money and spend a large percent of it on other cause that benefits approximately nobody. As far as I care paying state cops to game the overtime system isn't any better or worse than bailing out people who's property is underwater. The difference is just hair splitting because neither of those should be happening.
If the ocean goes up - well they just build higher, it isn't a significant expense.
And what happens when the first floor of your building is now under water? Sure your 30th floor condo is safe but is it really practical to live there at that point?
Most of these buildings were built that way from the start, but at least one on my street was raised on jacks while pillars were put underneath. I wish I'd thought to take pictures of the process.
The exact dollar amount changes from location to location though.
More importantly: if your whole neighbourhood is 2 feet underwater, even if you're fine, the neighbourhood is toast and you're in the middle of nowhere with limited access (boats?).
Not very practical.
https://tamino.wordpress.com/2018/12/28/sea-level-rise-u-s-e...
https://tamino.wordpress.com/2017/07/24/boston-sea-level/
https://tamino.wordpress.com/2015/11/04/moon-over-miami-bost...
The last one (and related posts) is worth a look even though it isn't what you asked for because it discusses how an apparently small increase in sea level can lead to a surprising increase in flood frequency.
"trends in flood risk are driven by RSL rise", RSL = Relative Sea Level.
Unless we get lucky with some natural carbon negative feedback loop, we're probably stuck engineering our way through it. Whether with climate engineering (unlikely), or just muddling through (very likely).
There are no longer any excuses. We have a reasonable, viable plan to limit greenhouse gas emissions. It's expensive and hard, but a lot less expensive and difficult than the alternative of doing nothing.
Woke: import tarrifs motivated by long-termist climate change reduction.
We swear they're not the same thing so they can't have similar effects! This time it will be different and those unenlightened non-Westerns will listen to our thought leadership!
With an import tariff on foreign goods (for, as you described, being foreign), it makes foreign goods more expensive (with nothing the other country can do about it), so it will lead to a reduction in the consumption of foreign-produced goods (whether or not that is a benefit to you as an American is probably heavily dependent on what you consume and what you produce).
BTW, most countries already have carbon taxes on fossil fuels, they just don't bother calling them that. They call them fuel excise taxes. Around 60% of the price a consumer pays for fuel in the EU is fuel excise tax, in other words, a 150% tax. In the US, it's only about 20%. Here: https://en.wikipedia.org/wiki/Fuel_tax#China
What's your estimated impact of this already huge tax ? Think about the demand elasticity of fuel and energy products.
Can any of the economists proposing this scheme ask for a guarantee of any kind that if they help push this scheme, details like this one won't get left out ? Of course not. They'll cheerlead it and then blame the government, forgetting their complicity.
https://news.nationalgeographic.com/2017/06/Boston-landfill-...
One side-effect of all this land-filling is that it is really difficult to get a feel for what the place would have been like historically. For instance, the campaigns of 1775 don't make a lot of sense if you are reading about them and trying to look at a modern map.