Swampland for Sale

12/07/22 • 33 min

In this episode, we travel back in time to the place South Florida used to be — the Everglades before it was drained, developed and transformed into the megalopolis we know today. We start with a bird’s-eye view of the ecosystem. Then we get down on the ground to look at the consequences of drainage up close. Finally we discuss why a restoration plan passed more than two decades ago is more pressing now than ever before.

Previous Episode

Betting Against a Storm

We’ve told you the insurance industry in Florida is in crisis. Or as one industry insider put it, it’s holding on by “a piece of chewing gum.”

In this episode, we explore possible solutions. We dive into the business of reinsurance, or insurance for insurers (turns out you can insure almost anything, including insurance policies); and we look at another possible solution that was born from the wreckage of Hurricane Andrew 30 years ago: the catastrophe bond, a financial instrument that allows investors to bet against storms and make money on risk. So long as a big storm doesn’t wipe them out completely.

Next Episode

No Place Like Home

You’ve raised your house up on stilts and your town has added higher seawalls and pumping stations, but sea level rise is relentless. Eventually, you may have to consider the ultimate solution: Leaving your home, giving the land back to nature and starting over somewhere else. There’s a jargony sounding name for this solution: Managed Retreat.

In our season finale, we head to a small island community off the coast of Louisiana that has lost 98% of its land to rising seas and sinking land. Now residents have to decide if they’re ready to leave the place most have called home their whole lives, or be swallowed up with it. Later in the episode, we unpack what managed retreat might mean for the rest of us, even those of us who don’t think we’re at any risk.