Cmr. George P. Bush Announces Results of Joint Flood Mitigation Study With Texas A&M University at Galveston

New research assesses secondary economic effects of a coastal barrier to reduce storm surge in Galveston Bay

Texas Insider Report:
AUSTIN, Texas –
Today Texas Land
Commissioner George P. Bush Texas results from a recently completed joint study
conducted by the Texas General Land Office and the Texas A&M University at
Galveston. The study evaluated the economic impacts of a coastal barrier
system, estimated impacts on flood insurance rates and gauged perceptions of
flood mitigation activities in the Houston-Galveston region.

“The Galveston Bay
region is one of the most flood- and surge-prone areas in the United States
with vast amounts of vulnerable residential, commercial, industrial and
petro-chemical areas at risk,” said Commissioner Bush. “This vulnerability was
highlighted in 2008 when Hurricane Ike struck the upper Texas coast and spurred
interest in assessing a coastal storm surge suppression system. This study
clearly demonstrates that, without any new protections in place, future storm
surges could have substantial and lingering impacts on Texas’ economy and send
lasting ripples through other economic sectors nationwide.”

As an example, the
study estimated that, following a 500-year surge event in Galveston Bay, the
U.S. GDP would be 1.1% lower corresponding to an estimated $883 billion dollar
economic decline, and 30 states would also experience lower gross state
products—effects that are greatly reduced when mitigated.

“Our study highlights
both the direct and indirect benefits of hazard mitigation efforts, and creates
a richer illustration of the importance of flood mitigation in Texas,” said Wes
Highfield, an Associate Professor at Texas A&M University at Galveston and
investigator on the study.

In addition to
large-scale economic impacts, additional results of the study indicated that
existing coastal flood insurance polices may also experience reductions in
premiums up to 20 percent less per year while still maintaining the same level
of coverage. Finally, an accompanying public survey also indicated that there
is widespread public support for surge mitigation overall, including support
for a coastal storm surge barrier. 

Results from various
economic and storm-surge scenarios can also be mapped and visualized by
visiting the companion website located at: http://www.texascoastalatlas.com/coastalspine/.

The post Cmr. George P. Bush Announces Results of Joint Flood Mitigation Study With Texas A&M University at Galveston appeared first on Texas Insider.


Source: Texas Politics

Cmr. George P. Bush Announces Results of Joint Flood Mitigation Study With Texas A&M University at Galveston

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