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• • Continued erosion has limited the availability of quality beaches and has contributed to the increased cost of shore protection. Additionally, an unprecedented number of seawalls have been constructed over the past three (3) years, further degrading the aesthetic qualities of the shoreline, Earlier attempts to artificially protect upland structures included rock revetments and sand filled tubes. Additionally, major habitable structures have been condemned and lost to erasion over the past ten (10) years. Without adequate large-scale shore protection mechanisms in place, the number of seawalls is expected to increase. Prudent development decisions along the remaining undeveloped beachfront can help in beach preservation, However, most oceanfront property has already been developed and these valuable structures cannot readily be moved landward to provide for new beachfront. A comprehensive beach management plan is an economically preferable approach to restoration of the County's beach. The following economic analysis and cost allocation provides some alternatives for financing such a plan. 1.1 PURPOSE The purpose of this analysis is to examine the overall economic viability of beach nourishment along five (5) sectors of Indian River County shoreline, as described in the County's adopted BPP to determine the benefits attributed to those individual benefiniary groups who are expected to realize them over the design life, of the iriantifiar♦ nrniarte The work product described herein compiles new economic data and information, analyzes project -related benefits to identified beneficiaries and evaluates alternative funding sources and cast allocation methods to fund the costs of the County's comprehensive beach nourishment program.