Value Capture to Support Project Implementation
Resiliency requires investment beyond the capacity of the public sector. While the government cannot pay for the totality of the project's implementation, anticipating the benefits accrued through investment on resiliency can generate value capture. By funding a protected waterfront and means of flood management, new development in the area is defended, decreasing flood risk and insurance cost and increasing land value. More development on the protected land generates incremental city and state taxes, positive externalities which can then be applied into funding more resiliency measures.