Plans are progressing on a sea wall needed to protect Charleston’s downtown area against storm surge and rising sea levels. Recent adjustments by the U.S. Army Corps of Engineers contain both improvements and budget trims.
$1.1 Billion Peninsula Sea Wall
According to CHS Today, 35% of the cost will be paid by The City of Charleston, with the federal government paying the other 65%. The return on investment is estimated at $10.20 for every $1 spent. Highlights of the updated plan include removal of a rock jetty; the addition of “living shorelines” such as oyster reefs along the westside; the decrease of wetland impacts (from 111 to 35 acres); and $50 million in aesthetic adjustments “to better incorporate the sea wall into historic Charleston.”
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According to the US Army Corps of Engineers, the coast coastal storm risks to the Charleston Peninsula have been under investigation since 2018, with the goal of reducing risks to human life, preserving Charleston’s economy and strengthening community resiliency against coastal storms. Recent updates to the plan reflect the public and agency feedback on the preliminary plan. In addition to the Sea Wall, the City of Charleston has undertaken other flood reduction strategies, including: “rehabilitation of Low Battery Wall, the Dutch Dialogues and major drainage projects.”
Strategic building efforts to address environmental concerns as well as transportation needs are underway across the country. For example, many cities and states are creating new transit connections for walkers, bikers and rail riders. Efforts to better protect and use downtown waterfronts are also taking off. Illinois is thinking big with a $45 billion rebuilding strategy. Modernizing airports? That’s on the docket around the country too! Don’t find yourself shuffling around the old-fashioned way when the bid bond is due on that project You want to win. Let’s get you ready now with The Partnership Account® from Colonial Surety Company.
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