This document discusses flood protection plans for Hoboken, NJ. It notes that Hoboken has over 51,000 residents, $13.8 billion in residential value, 2,600 businesses, and 17,600 employees, with 6 modes of transit and 50,000 daily passengers, justifying a comprehensive flood solution. The concept involves 4 phases of protection and flood defenses that could generate significant value by preserving assets, reducing costs, enhancing the city with new amenities, and providing long-term sustainable value for the community. The plan attracted $340 million in federal support but requires an additional $130 million in funding from potential sources like local/state/federal agencies, value capture, public-private partnerships, and green infrastructure incentives.

1. Hoboken Flood Protection
Redevelopment in an Era of Risk
Eric Rothman
March 13, 2015

2. 1
51,000
Residents
$13.8b
Residential Value
2,600
Businesses
17,600
Employees
Rebuild By Design: Why Hoboken?
6
Modes of Transit
50,000
Daily Passengers

3. 2
Why Hoboken? Density of assets merits a comprehensive
solution

4. 3
Concept: 4 phases of protection

5. 4
Concept: Design

6. 5
Value Proposition: Comprehensive flood defense can generate
significant value
PRESERVE
 Valuable assets such as transit hub and
high-density development
 Opportunity to avoid business disruption
and preserve day-to-day function of
vibrant economic center
REDUCE
 Avoid costs of emergency services in flood
events
 Coordinated investment can provide
savings over alternative protection
strategies for both City and affected
properties
ENHANCE
 Defend the city and support contextual
real estate development
 New amenities will provide value to the
community
SUSTAIN
 Long-term value creation for the entire
community

7. 6
Value Proposition: Beneficiaries

8. 7
Value Proposition: Benefits case attracted $340M in federal
support, with a $130M funding gap remaining
Other Potential
Sources:
 Local/State/Federal
Agencies
 Value Capture
 Public-Private
Partnerships
HUD-Rebuild By Design
$230 M
FTA-NJTransit Long Slip
$110 M
FUNDING NEED
$130 M

9. 8
Funding Options: Multijurisdictional Public Funding Partnership

10. 9
Funding Options: Value capture from planned redevelopment
could support project implementation

11. 10
Funding Options: Public-private partnerships with insurance
companies may offer an alternative capital funding source
FLOOD RISK
INSURANCE
CLAIMS
RESILIENCE
INFRASTRUCT
URE
reduc
es
decreas
es

12. 11
Funding Options: Green infrastructure incentives can engage
private property owners to make Phase II property-scale
improvements

13. 12
REPLICABILITY: Model for a continuous, maintained, and
defended NJ shoreline with urban centers that have adapted to
living with water
Flood Risk City
Impacts

14. 13
Momentum: Regional momentum for resiliency through programs
such as National Disaster Resilience Competition and 100
Resilient Cities
Roads & infrastructure
Reduce flooding and
improve drainage
Relief center networks
Resiliency of small
businesses
Residential resiliency
upgrades
Expanded health care
services

15. 14
Thank You
Eric Rothman
President
HR&A Advisors, Inc.
212-977-5597
ERothman@HRAAdvisors.c
om
Hoboken Flood Protection
Redevelopment in an Era of Risk