3 ms·

I'm actually really intrigued, somewhat enamored even, by this idea. The newly-created land seems like it would be astronomically valuable, and so the value pr

I'm actually really intrigued, somewhat enamored even, by this idea. The newly-created land seems like it would be astronomically valuable, and so the value proposition is surprisingly interesting to me. Brings a lot of questions to mind -- Are there any comparable projects, of such massive scale (or even somewhat close), to compare to? Especially on cost? Does the sudden influx of that much land not cause existing land value to plummet, or is there an established way to ration it into the market to help mitigate that? Is this something that could even happen politically, or would entrenched interests / existing land owners prefer to create canals (not sure if realistic, but curious) which would probably reduce the property inventory & in theory increase value?

maxlybbert 9y ago
https://en.wikipedia.org/wiki/Delta_Works https://en.wikipedia.org/wiki/Delta_Works It doesn't answer all your questions, especially since economists have noticed that the US has trouble keeping large public works on budget, but it's the obvious project to look at.
collinmanderson 9y ago
Chicago expanded their shoreline via landfill from 1870-1940. Not sure about cost / land value. http://www.encyclopedia.chicagohistory.org/pages/3713.html http://www.encyclopedia.chicagohistory.org/pages/3713.html https://www.cityofchicago.org/content/dam/city/depts/cdot/ShorelineHistory.pdf https://www.cityofchicago.org/content/dam/city/depts/cdot/Sh... A modern article says an additional 225 acres could add $62.5B. https://chicago.curbed.com/2015/1/21/10001048/we-could-keep-the-lakefront-sacred-by-adding-more-of-it https://chicago.curbed.com/2015/1/21/10001048/we-could-keep-... Also, somewhat related, Chicago raised their city 6 ft in the 1850-1860's. https://en.wikipedia.org/wiki/Raising_of_Chicago https://en.wikipedia.org/wiki/Raising_of_Chicago
kej 9y ago
Here's a theoretical larger project, as well: https://en.wikipedia.org/wiki/Atlantropa https://en.wikipedia.org/wiki/Atlantropa

maxlybbert 9y ago

https://en.wikipedia.org/wiki/Delta_Works https://en.wikipedia.org/wiki/Delta_Works It doesn't answer all your questions, especially since economists have noticed that the US has trouble keeping large public works on budget, but it's the obvious project to look at.

collinmanderson 9y ago

Chicago expanded their shoreline via landfill from 1870-1940. Not sure about cost / land value. http://www.encyclopedia.chicagohistory.org/pages/3713.html http://www.encyclopedia.chicagohistory.org/pages/3713.html https://www.cityofchicago.org/content/dam/city/depts/cdot/ShorelineHistory.pdf https://www.cityofchicago.org/content/dam/city/depts/cdot/Sh... A modern article says an additional 225 acres could add $62.5B. https://chicago.curbed.com/2015/1/21/10001048/we-could-keep-the-lakefront-sacred-by-adding-more-of-it https://chicago.curbed.com/2015/1/21/10001048/we-could-keep-... Also, somewhat related, Chicago raised their city 6 ft in the 1850-1860's. https://en.wikipedia.org/wiki/Raising_of_Chicago https://en.wikipedia.org/wiki/Raising_of_Chicago

kej 9y ago

Here's a theoretical larger project, as well: https://en.wikipedia.org/wiki/Atlantropa https://en.wikipedia.org/wiki/Atlantropa