It makes more fiscal sense to buy flood-prone land and conserve it than to cover the costs of the damages to developments, according to researchers from the University of Bristol and other institutions.
"Keeping vacant, flood-prone lands free of development could save taxpayers billions," writes Eli Chen, sharing the findings of new research published recently in the journal Nature Sustainability.
The study "found that every $1 spent acquiring undeveloped properties in the 100-year floodplain — which have a 1% chance of flooding in any given year — returns $5 that would be spent on emergency services, flood insurance claims and other flood damage costs if those properties became developed."
"As the number of people living in flood-prone regions like St. Louis is increasing, local governments should consider protecting undeveloped floodplain properties instead of building on them, said Barbara Charry, the floodplain and nature-based solutions strategy manager for the Nature Conservancy’s Missouri chapter."
To find solutions to the challenges of making that vision a reality, the Nature Conservancy is working with the Army Corps of Engineers "to develop a plan to improve floodplain management for the eight municipalities along the lower Meramec River," reports Chen.
Historic floods inundated the Mississippi River watershed during last year's rainy season.
FULL STORY: Cities Buying Empty Lots In Flood-Prone Areas Could Save Taxpayers Money, Study Claims
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Phoenix announces new on-demand transit service, more frequent RAPID buses
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FREE Course: Walkable City 1: Why Walkability?
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Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association