“People were eating, drinking, marrying and being given in marriage up to the day Noah entered the ark. Then the flood came and destroyed them all.” Luke 17:27
A few weeks ago, a friend sent me news of an amazing transaction. In Miami, a waterfront downtown 1.25-acre lot had sold for the amazing price of $125,000,000. That’s one-hundred twenty-five MILLION dollars. For a little over an acre of land.
Now, if you’re in London, New York or Hong Kong, you’re used to this kind of thing. You know: location, location, location. But Miami is different. Yes, it’s the Magic City, and awash with money from all over the Americas and Europe, fueling enormous real estate, banking and (sadly) drug transactions. But increasingly, people are coming to terms with the fact that that Miami is living on borrowed time. And the time is beginning to look really, really short.
Oh, no. Not another doomsday scenario! Has this thought crossed your mind?
Well, we’ve been talking about Miami’s last days for several years now. But with the passing of time, the most serious doubts have been removed. We’ve learned that Miami is the world’s #1 loser to sea-level rise over the balance of this century, with more than $400 billion of assets exposed to projected sea levels at present. But recently, the evidence has mounted that Miami will succumb long before the tides inundate the city.
Here’s why Miami is headed the way of Atlantis:
- Global sea levels are rising faster than anyone expected, and will, within decades, inundate much of south Florida.
- More severe storms are projected for the region, with higher and higher storm surges, aggravating the impact of sea-level rise.
- Miami suffers from fatal geology: a porous limestone ridge beneath the city permits salt water to bubble up through “swiss cheese” rock formations beneath the ground, making dikes and levees useless.
- The topography is flat and low, with much of the most expensive infrastructure right on the waterfront. Even Miami’s enormous nuclear power plant is vulnerable to storm surges today.
- And the city’s freshwater supply is protected by flood gates that are also just barely above high tide at today’s levels, let alone in coming decades as polar ice continues to melt.
These factors make Miami “ground zero” for climate change. That’s why Harold Wanless, chairman of University of Miami’s department of geological sciences has said flatly: “Miami, as we know it today, is doomed. It’s not a question of if. It’s a question of when.” Continue reading