NYCEDC Releases Financial and Seaport Climate Resilience Master Plan

The New York City Economic Development Corp. (NYCEDC) and the Mayor’s Office of Climate Resiliency (MOCR) released a blueprint for comprehensive flood defense infrastructure to protect Lower Manhattan from the urgent threat of climate change. Projected costs of the plan dubbed Financial District and Seaport Climate Resilience Master Plan is expected to range between $5 billion to $7 billion; and will protect almost one mile of Lower Manhattan waterfront from the Battery to the Brooklyn Bridge— which was hit hard by Hurricane Sandy in 2012, via a multilevel waterfront that extends the shoreline of the East River.


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