Buying out all the properties built in an old Abbotsford, B.C., lakebed hit by devastating floods in 2021 could cost nearly $1 billion. But that’s less than half of the $2.4-billion cost of the most expensive option put forward by the municipality to ward against future floods, a new study has found.
In November 2021, an atmospheric river triggered fatal mudslides, damaged critical highway infrastructure and called into question responsibility for flood mitigation in a province repeatedly pummeled by the impacts of climate change.
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