RE.invest Initiative leader suggests ways cities can prepare for increasingly severe weather
In an event held with media yesterday afternoon, the Rockerfeller Foundation along with public, private and non-profit partners announced a two-year city infrastructure investment program dubbed the RE.invest Initiative.
HOBOKEN – In the aftermath of Hurricane Sandy, Hoboken is one of eight US cities that has landed funding from the Rockefeller Foundation for a two-year study to look into how to solve flooding and other storm-water infrastructure problems.
According to the initiative’s website, it is a collaboration among eight cities and engineering, law, and finance firms to create new public-private partnerships for infrastructure work.
In the hours before Hurricane Sandy turned northward to bash New Jersey and flood Lower Manhattan, there was fear it might drive a virtual tsunami up the Potomac to bury parts of the capital under water.
Today, more than 80 percent of Americans live, work, and raise their families in urban areas. At the same time, much of our infrastructure, including our water infrastructure, is decades old and in need of costly repairs.
Today, the Rockefeller Foundation announced its support for a new public-private program that will help cities across the country finance and build resilient and integrated urban storm water infrastructure systems