NYC to Spend $500 Million Protecting Manhattan from Climate Change

HeadlineMar 15, 2019

New York City will invest a half-billion dollars to protect Manhattan from sea level rise due to climate change. Mayor Bill de Blasio announced the plan Thursday, which would allocate funds to four projects aimed at protecting Manhattan’s southern tip, home to Wall Street and the city’s Financial District. The funding is a small fraction of the $10 billion Mayor de Blasio says is needed to keep flooding from storm surges and rising seas at bay in the coming years.

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