CRE DEVELOPMENT outlook in Virginia Coastal and Flood ...law.wm.edu/.../defendingourcoasts_docs/Owens-CRE-Development-in-COVA.pdf · Once upon a time, in a land far, far away A town

CRE DEVELOPMENT outlook in Virginia Coastal and Flood Plain Areas

And how they dealt with flooding

Three

Once upon a time, in a land far, far

away

A town was founded on soggy tide flats. It was said that when it rained the mud was deep enough to consume dogs and small children. And because of its proximity to sea

level, the sewers flowed both ways with the tide

Eeeyew!

After discovering that a wolf could blow down the buildings that were mostly wooden structures, and a fire that destroyed 25 blocks, the City decided that

all new buildings would be made of stone or brick masonry.

This also gave the City the opportunity to rise above the muck so they built retaining walls, filled them and raised the streets 8 feet making them one story higher than the old

sidewalks that still ran alongside them.

8 feet

Then they discovered that people would pay a lot for a cup coffee and everyone lived dry and caffeinated ever after

A city was founded in a swamp. The city dwellers did a good job at draining the swamp, but flooding rains would plague them forever.

Many years ago in a distant land

After several devastating floods that caused the bayou to rise over 50 feet and devastate over 40% of the bridges and buildings, the City decided to form a Flood

Control District where they built dams and reservoirs that protected the city for over 60 years.

This was all very hard work and the City took a very long rest break z-z-z-z- until not so long ago, a mitigation plan for 500 year floods was created. But the City decided it was way too costly to implement, so instead of new seawalls and floodgates being constructed, A LOT of

homes were built.

Then it rained and poured for many a day and they lived soggily ever after

It was the best of times It was the worst of times

in this City by the Sea

Plagued with hurricanes throughout the decades, this City was forced to take action after Andrew blew through town in 1992 and caused:

$16 Billion 600,000 11

930,000

So they adopted their first ever statewide building code

And created Insurance Safety Nets, and…

… joined the NFIP

And then…

MIAMI—A new University of Miami (UM) Rosenstiel School of Marine and Atmospheric Science-led study found that Miami Beach flood events have significantly increased over the last decade due to an acceleration of sea-level rise in South Florida.

So the City began a $400 mil project to raise roads and install new storm sewers and pumps

And they lived bronzed and prosperously ever after

$1,200,000,000,000

Summary

• City #1 Permanent Fix

• City #2 Long Term Fix with no follow-on plan

• City #3 Pro-active plan with periodic review

• Which one is ‘Just Right’ for you?

Municipality Costs

MunicipalityCosts

To Build or not to Build

Development Costs

Construction

Building Code

Code Plus

Insurance

NFIP

Loan

Value

Incentives

GrantsTax

Credits

Virginia NFIP Community Rating System Participation

for the Top 50 Communities (Ranked by Flood Insurance Policy Count)

Participating Communities

Legend

Non-Participating Communities

Top 50 Communities based on policy count


Do NOT participate in CRS

Participating in CRS

Community CRS Participation (Top 50)

Ranked by Flood Insurance Policy Count

Number of

CID Community Name Policies CRS Class

515531 VIRGINIA BEACH, CITY OF 22,377 ‐‐510104 NORFOLK, CITY OF 11,884 8

515527 HAMPTON,CITY OF 10,734 8

510034 CHESAPEAKE, CITY OF 7,961 8

515525 FAIRFAX COUNTY * ,8636 6

515529 PORTSMOUTH, CITY OF 3,964 7

510183 POQUOSON, CITY OF 3,217 8

510182 YORK COUNTY * ,0593 7

510103 NEWPORT NEWS, CITY OF 2,029 ‐‐

510001 ACCOMACK COUNTY * ,9211 8

515519 ALEXANDRIA, CITY OF 1,616 6

510071 GLOUCESTER COUNTY* 1,536 6

510096 MATHEWS COUNTY* 1,473 ‐‐

510119 PRINCE WILLIAM COUNTY * 1,300 8

510002 CHINCOTEAGUE, TOWN OF 1,216 8

515520 ARLINGTON COUNTY* 984 8

510077 HENRICO COUNTY * 960 ‐‐

510201 JAMES CITY COUNTY * 918 7

510156 SUFFOLK, CITY OF 869 ‐‐

510035 CHESTERFIELD COUNTY * 842 ‐‐

510107 NORTHUMBERLAND COUNTY * 735 ‐‐

510090 LOUDOUN COUNTY * 694 ‐‐

510154 STAFFORD COUNTY * 624 8

510130 ROANOKE, CITY OF 617 7

515524 FAIRFAX, CITY OF 606 ‐‐

510084 LANCASTER COUNTY* 589 ‐‐

510129 RICHMOND, CITY OF 569 8

510141 SALEM, CITY OF 440 ‐‐

510190 ROANOKE COUNTY * 410 8

510098 MIDDLESEX COUNTY * 398 ‐‐

510133 ROCKINGHAM COUNTY* 322 ‐‐

510303 ISLE OF WIGHT COUNTY * 320 ‐‐

510006 ALBEMARLE COUNTY * 316 ‐‐

510250 WESTMORELAND COUNTY* 310 ‐‐

510308 SPOTSYLVANIA COUNTY* 308 ‐‐

510105 NORTHAMPTON COUNTY * 296 ‐‐510054 FALLS CHURCH, CITY OF 260 6

510013 AUGUSTA COUNTY * 255 ‐‐

510048 ESSEX COUNTY * 218 ‐‐

510172 COLONIAL BEACH, TOWN OF 206 ‐‐

510009 ALLEGHANY COUNTY* 205 ‐‐

510024 BUCHANAN COUNTY* 197 ‐‐

510076 HARRISONBURG, CITY OF 196 ‐‐

510018 BOTETOURT COUNTY * 188 ‐‐

510065 FREDERICKSBURG, CITY OF 180 ‐‐

510106 CAPE CHARLES, TOWN OF 176 9

510237 HANOVER COUNTY * 173 ‐‐510147 SHENANDOAH COUNTY * 173 ‐‐

510173 WINCHESTER, CITY OF 172 ‐‐

515532 WAYNESBORO, CITY OF 159 ‐‐

NOTES:

As of May 2017, 290 communities in Virginia participate in the National Flood Insurance Program.

Of these communities, 25 (or 9%) participate in the Community Rating System (CRS).

Of the top 50 Virginia communities (in terms of flood insurance policies-in-force), 20 participate in the CRS.

The remaining 30 communities present an outreach opportunity for encouraging participation in the CRS.

CRS Class Data: May 1, 2017

Policy Data: January 31, 2017

Benefits of Joining the CRS

* Activities credited by the CRS provide direct benefits to the community, including enhanced

public safety, reduction in flood damage and environmental protection.

* Residents are reminded that the community is working to protect them from flood losses.

*Public information activities will build a knowledgeable consitituency interested in supporting

and improving flood protection measures.

* Money stays in the community instead of being spent on insurance premiums.




Legend








Number of








510182 YORK COUNTY * ,0593 7




















510141 SALEM, CITY OF 440 ‐‐










510048 ESSEX COUNTY * 218 ‐‐











NOTES:

















Legend








Number of








510182 YORK COUNTY * ,0593 7




















510141 SALEM, CITY OF 440 ‐‐










510048 ESSEX COUNTY * 218 ‐‐











NOTES:














The only thing that is Certain

Is Uncertainty in the Market

Opportunities

• Work with established groups, agencies and Fed/State/Local Municipalities to Develop Policy

• Take Advantage of municipalities with flood mitigation programs

• Offer services that will reduce property owners’ flood insurance premiums on existing buildings

Check Cities/Counties that participate in the NFIP for Bids

• The City of Hampton Office of Emergency Management is seeking bids for the elevation of residential structures owned by private property owners in special flood hazard areas utilizing Hazard Mitigation Grant Program (HMGP) and Flood Mitigation Assistance (FMA) program funding in compliance with all applicable local, federal, and state statutory requirements with special attention paid to requirements for HMGP and FMA grant programs under the Federal Emergency Management Agency (FEMA) Hazard Mitigation Assistance (HMA) grant program.

• Non-Mandatory Pre-bid Meeting: Tuesday, October 31, 2017 @ 9AM; Emergency Operations Center located at Fire Station #11 ~ 1304 Big Bethel Road, Hampton, VA

• Pre-bid Questions Due: Wednesday, November 8, 2017 no later than 3:00PM (ET

Documents

CRE DEVELOPMENT outlook in Virginia Coastal and Flood ...law.wm.edu/.../defendingourcoasts_docs/Owens-CRE-Development-in-COVA.pdf · Once upon a time, in a land far, far away A town