Managed Retreat

[Mark Geddes]

South Dunedin - the risk of rising waters......

The matter has been on the table for a number of years and the council is showing its hand now on what a resolution might be.  It is not going to be a quick fix with no one being forced to sell their homes.  With the council also looking for central government help......should this be a decision which should be consulted on more widely?

[Brent George]

Sobering Information....

$132m over 5 years at 65 houses per year is around $400k each. 
- When will the Insurers start to back out of covering these properties?
- What will it be like in the buy-out transition living in an area decimated by rentals; empty lots; long grass; construction infrastructure-in-progress?  (think Chch Red-Zone....)
- Will the purchase prices be real 'market value' or 'climate sale value' in which case the landowner has a significant loss of equity?

I wonder if landowners will only respond when the water is lapping at their doorsteps?

Some other good information sources about climate change and sea level rise in NZ: 
www.level.org.nz/site-analysis/hazards/rising-sea-levels/

www.nzgeo.com/stories/a-map-of-the-future/

www.newshub.co.nz/home/new-zealand/2020/01/alarming-new-map-shows-the-devastation-rising-sea-levels-could-cause-in-new-zealand.html