Strategies to Advance Investments in Coastal Resilience Solutions in Boston
Coastal flooding is a significant risk to Boston’s population, built environment, and economy. The City of Boston is proactively planning for built district-scale resilience solutions along the shoreline to protect vulnerable neighborhoods. The upfront implementation costs are over a billion dollars and annual maintenance costs add to several tens of millions.
Recent studies have conducted a review of the menu of funding and financing options to pay for municipal investments in climate resilience. However, cities face barriers to implementing these new options given existing municipal processes and other near-term policy priorities.
In order to advance investments in district-scale resilience solutions in Boston, this study investigates: What is the City of Boston’s municipal process, key questions that need to be answered, and stakeholders that need to be involved in order to determine viability and to implement new mechanisms to pay for investments in coastal resilience?