
Local Government
MIT study: wetland loss has cost Florida homeowners $1.6 billion in flood damage
An MIT study published Tuesday, July 14, in the American Economic Review finds Florida's wetland mitigation banking program has cost homeowners $1.6 billion in flood damages statewide, with Pinellas County among the hardest-hit regions after three hurricanes flooded thousands of homes in 2023 and 2024.











