Is It Worth It to Save Oceanfront Development? Economists Wonder

Economists are coming up with new ways of predicting damage to oceanfront resorts, highways and homes and reassessing the wisdom of further coastal development.

An upcoming study by economists at University of California, Los Angeles; the University of California, Santa Barbara; and San Francisco State University modeled 15 miles of California beaches and found large differences in the costs and benefits of shoring up eroding coastlines.

Assuming a low-end estimate of 1 meter sea-level rise, a 100-year flood at San Francisco’s Ocean Beach would cause $285 million in property damage, compared to $107 million in 2000.

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