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Experts say Boston faces $4–$10 billion coastal bill; Green Ribbon Commission to develop financing blueprint
Summary
At a City Council hearing Nov. 14, the Green Ribbon Commission and city climate staff said protecting Boston from sea level rise and coastal flooding will cost an estimated $4–$10 billion and outlined plans for a financing blueprint and regional coordination to move from plans to construction.
The Green Ribbon Commission and city resilience staff told Boston City Council members on Nov. 14 that financing, governance and shared ownership are the core barriers to turning coastal resilience plans into construction.
Rebecca Hurst, associate director for resilience at the Green Ribbon Commission, said the commission will issue a request for proposals to develop a “funding and financing blueprint” that catalogs updated costs and benefits, identifies revenue sources, and recommends…
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