When destroyed beachfront is prime real estate

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Oct. 31, 2023

After Hurricane Ian swept through Fort Myers Beach, older ruined structures are being demolished to make way for new developments. Photographer: Eva Marie Uzcategui/Bloomberg

Read the story Wealthy homebuyers and developers are reshaping landscapes that have been battered by hurricanes, fires and other disasters at a time when such calamities are expected to grow in force and frequency. A case in point is the evolution underway in Fort Myers Beach, Florida, where Hurricane Ian swept away many modest old houses— and where bigger, more expensive homes designed to withstand climate change are being built in their place. Read The Big Take.

Listen to the podcast Bloomberg's Agnieszka de Sousa joins this episode to discuss why concerns about food security have become a top issue in elections around the world.  Subscribe and listen on iHeart, Apple and Spotify.

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