Urban Land Institute Releases Coastal Management Report

Changing climate and weather patterns introduce new dimensions of uncertainty into a rapidly evolving real estate marketplace. Along with economic, demographic and societal changes, uncertainty in future climate conditions and the underlying vulnerability of coastal areas require a critical review of coastal development and management practices. In January 2013, the Urban Land Institute convened an interdisciplinary group of market stakeholders to explore the implications of new environmental risks in coastal regions on real estate practices and markets. In addition to individuals representing the diversity of the real estate industry, forum participants included professionals from the insurance industry, government, and nonprofit organizations. Many shared valuable insights derived from their engagement in these issues and signaled that coastal risk is a business issue to be discussed today, not tomorrow. This report, "Risk & Resilience in Coastal Regions," summarizes the dialogue from the forum and identifies eight themes for future study. The report is the first step in framing a broader set of activities that likely will engage many coastal communities for some time. 

Click here to access the report.

Source: Urban Land Institute