What Land Will Be Underwater in 20 Years? Figuring It Out Could Be Lucrative
In Charleston, S.C., where the ports have been expanding to accommodate larger ships sailing through the newly widened Panama Canal, a real-estate developer named Xebec Realty recently went looking for land to build new warehouses and logistics centers.
But first, Xebec had a question: What were the odds that the sites it was considering might be underwater in 10 or 20 years?
After all, Charleston has repeatedly suffered major floods that can paralyze cargo operations. And scientists warn that flooding will worsen as sea levels rise and storms strengthen with climate change.
photo credit: Fotografiecor.nl