From CNBC: 2024-04-26 09:45:01

Miami Beach’s South Pointe Beach is at risk of being submerged by rising seas due to climate change, says experts. Despite this, the area is experiencing a population boom and rapid construction growth, with the city being dubbed “ground zero for climate change.” Miami’s allure may overshadow its environmental risks for some residents and new arrivals.

South Florida is a low-lying area with construction volume rising significantly. Miami faces threats of flooding and intense heat along with hurricanes. The city is sinking due to porous limestone rock. Despite these risks, people are still moving into the area, attracted by the city’s vibrant atmosphere and job opportunities.

Miami’s development boom has sparked massive growth in its skyline, attracting residents and businesses from high-tax states looking for a better quality of life. Billionaires and major companies are relocating to Miami, boosting the local economy, job market, and real estate sector. The city’s growth is driving significant changes, despite the looming threat of climate change and rising sea levels.

Read more: Miami is ‘ground zero’ for climate risk. People move there, build there anyway