1 minute read
Future Loss of Land Value of Parking Lots
by Xiaoji Zhou
$50 million for 1 acre, sold 2019
Land Loss with Shifting Shoreline
Advertisement
From Private Ownership to State Ownership
$40 million for 0.33 acre, sold 2019
$218 million for 6.5 acre, sold 2019
$17 million for 4.7 acre, sold 2017 will inundated with 4-5 ft SLR will inundated with 9 ft SLR
Parking parcels that are held under land speculation will be inundated with sea level rise and the landownership will shift from private to state. Ceremonial Unbuilt is design a strategy that considers both the loss of private income from land value and the growth of public shoreline.