Financial model/decision tree project
Due to increasing threats and/or impacts from adverse environmental events such as flooding, coastal erosion, rising sea level and other natural events, many communities regardless of population size or location, have been considering the need to adapt-in-place or relocate, either in whole or in part. Threats or impacts to any given community may vary from all components being involved (i.e. roads, airstrip, school, wastewater system, cemetery, landfills, etc.), or just one or two. Each community facing the adapt-in-place or relocate decision is unique, and many struggle to find the answers to the questions—Where do we start this discussion? Where do we find information? How do we evaluate the impact to each of our community’s components?
The EFC is developing a culturally considerate financial model/decision tree for communities threatened and/or impacted by adverse environmental conditions who are considering the adapt-in-place vs. relocate decision. This work focuses on finance information for the adapt-in-place or relocation decision making process and will include existing site restoration and/or expansion (adapt-in-place), relocation of facilities, site close-out and clean-up costs.
The model starts with general community questions (the trunk) and will have branches for each community component beginning with solid waste and drinking water systems. Each branch will have questions and will provide answers including links to studies and potential funding sources specifically for that component.
Because every community is in a different place in the adapt-in-place or relocation process this financial model/decision tree is designed to allow communities to enter the tool at the place they are in their process. Many participants can benefit from this model design, because there is no pre-determined point to enter the model.
The financial model/decision tree tool is an opportunity for participants to share and learn together—to gain understanding and consideration about community components and how the adapt-in-place or relocation decision impact each component and the community as a whole.
Below are a few of the questions that will be answered with links to resources, research, case studies, funding agencies, etc.:
Example of Decision Tree questions:
Are weather and climate events threatening your community?
Has your community decided what they want to do?
Does your community have a vision of what relocation looks like?
Has an environmental assessment been completed?
Example of Solid Waste Facility financial model questions:
Do you know what type of facility you will need?
Do you have permits in place?
Do you know what funding is available?
Does your landfill flood?
Is your landfill perimeter eroding?
Can the perimeter be protected by a barrier?