VIRGINIA BEACH, Va. - Voters in the sprawling coastal city of Virginia Beach will decide whether to approve one of the larger municipal bonds in the U.S.
that would be used to protect against rising seas and intensifying hurricanes.If it passes Tuesday, the $568 million would fund anything from elevating roads to closing a 100-acre (40-hectare) city golf course to collect stormwater.If it fails, economists say the city could lose billions of dollars in the next half-century as recurrent flooding inundates roads, businesses and homes.The referendum underscores the mounting costs of adapting to climate change for U.S.
cities. But it will also be a measure of Americans’ willingness to approve such bonds as more communities seek funding.RELATED.