New York City's Mayor, Bill de Blasio, has voiced his concerns at a press conference over the potential increase in flood insurance for Lower Manhattan and others, since it poses a threat to keeping neighbourhoods affordable. The mayor said that he was "appalled" by reports of rising property values on Staten Island as well as other parts of the city where flooding is expected to be more severe. It’s part of a $20 billion resiliency plan for the city, which also includes an Army Corps of Engineers project to erect levees and flood walls on the eastern shore of Staten Island, living oyster reefs offshore on the borough’s southern tip, and a large berm that will function as a park further north on Manhattan’s Lower East Side. Being in a flood plain requires you to get flood insurance or face harsher building regulations.
New York City's Mayor, Bill de Blasio, has voiced his concerns at a press conference over the potential increase in flood insurance for Lower Manhattan and others, since it poses a threat to keeping neighbourhoods affordable. The mayor said that he was "appalled" by reports of rising property values on Staten Island as well as other parts of the city where flooding is expected to be more severe. Being in a flood plain requires you to get flood insurance or face harsher building regulations.