Laserfiche WebLink
Continued erosion has limited the availability of quality beaches and has <br />contributed to the increased cost of shore protection. Additionally, an <br />unprecedented number of seawalls have been constructed over the past three <br />(3) years, further degrading the aesthetic qualities of the shoreline. Earlier <br />attempts to artificially protect upland structures included rock revetments and <br />sand filled tubes. Additionally, major habitable structures have been condemned <br />and lost to erosion over the past ten (10) years. <br />Without adequate large-scale shore protection mechanisms in place, the number <br />of seawalls is expected to increase. Prudent development decisions along the <br />remaining undeveloped beachfront can help in beach preservation. However, <br />most oceanfront property has already been developed and these valuable <br />structures cannot readily be moved landward to provide for new beachfront. <br />A comprehensive beach management plan is an economically preferable <br />approach to restoration of the County's beach. The following economic analysis <br />and cost allocation provides some alternatives for financing such a plan. <br />1.1 PURPOSE <br />The purpose of this analysis is to examine the overall economic viability of beach <br />nourishment along five (5) sectors of Indian River County shoreline, as described <br />in the County's adopted BPP to determine the benefits attributed to those <br />individual beneficiary groups who are expected to realize them over the design <br />life of the identified projects. <br />The work product described herein compiles new economic data and information, <br />analyzes project -related benefits to identified beneficiaries and evaluates <br />alternative funding sources and cost allocation methods to fund the costs of the <br />County's comprehensive beach nourishment program. <br />1.2 BENEFIT CATEGORIES <br />1. A land use category of residential property as opposed to commercial <br />property. <br />2. A location category. Oceanfront properties generally located east of AIA, <br />and properties extending west. <br />3. A second location category which is concerned with the beach sector in which <br />a property is located. <br />4. A distinction is made between private property and public property (roads, <br />water and sewage systems, and public buildings). <br />5. Consideration is given to whether or not a property is protected by an erosion <br />control structure. <br />JANUARY 19, 1999 <br />0 <br />-47- 666K pn <br />