[First paragraph of the Executive Summary]
On November 2, 2021, voters in the City of Virginia Beach will vote on a referendum that determines whether or not the City Council should increase real estate taxes to fund a Flood Protection Program. The proposal accelerates the construction of six flood mitigation projects already in the Virginia Beach Capital Improvement Plan by 3 years, and funds design and construction of 15 additional projects that would also be completed by 2031. This report, jointly produced by Old Dominion University’s Institute for Coastal Adaptation and Resilience (ICAR) and the Dragas Center for Economic Analysis and Policy, combines a technical economic “pay now or pay later” analysis that this bond referendum would have if passed with a synthesis of past social science and participatory mapping work on flooding in Virginia Beach. It also provides an updated state of the research on options available to finance infrastructure that reduces the impact of flooding. The report takes no position on whether the bond referendum should pass.
0000-0002-0093-3973 (McNab), 0000-0003-3599-1417 (Yusuf)
McNab, Robert; Yusuf, Juita-Elena (Wie); Anuar, Afi; and Whitehead, Jessica, "Virginia Beach Flood Protection Program Bond Referendum Analysis" (2021). Presentations, Lectures, Posters, Reports. 29.