RT Journal Article
SR Electronic
T1 Navigating the Shift
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 100124-0086R
DO 10.3368/le.102.1.100124-0086R
A1 Beasley, W. Jason
A1 Dundas, Steven J.
YR 2025
UL http://le.uwpress.org/content/early/2025/07/22/le.102.1.100124-0086R.abstract
AB Communities with developed shorelines face increasing negative impacts from adaptation, prompting policymakers to consider managed retreat programs. However, institutional challenges and homeowner interest raise questions about their economic and political viability. This study surveys Lake Michigan homeowners to assess the financial incentives needed for participation in a proposed on-site retreat program. Excluding relocation costs, a median payment between $38,000 and $77,000 is needed to participate and surrender the private option to alter lake shorelines with protective structures. These findings offer evidence of implementation strategies to minimize hardened shorelines and increase natural shoreline conservation, at costs lower than traditional retreat programs.