Gallery: Could Giant Rotterdam-Style Floodgates Protect Lower Manhattan...

Still, New York is a city of investors, right? They should recognize a good venture when they see one. “Climate change is here, and we clearly have to acknowledge that these unusual weather events are going to become more and more frequent, and we’re going to have to do something about it because we could lose much more than we’re going to save if we don’t invest in the right infrastructure,” Mr. Chakrabarti said.

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