New York City may have been caught off guard by Superstorm Sandy, but Mayor Michael Bloomberg has responded by proposing an ambitious, multi-decade plan that would put an estimated $20 billion toward protecting the city against disastrous weather events going forward.
The city has 535 million square feet of homes and businesses and 400,000 residents located along the water, many of which are still reeling from Sandy's devastating effects.
Bloomberg's plan calls for the installation of new walls and tidal barriers created by dunes and saltwater flora, as well as allocating $1.2 billion in loans and grants to help building owners retrofit property against new building codes for flood and storm surge resiliency.
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