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As seas rise and coasts wash away, who owns the land that goes underwater? Versions of that debate are taking place in courtrooms, legislatures, and government offices, raising the question of whether and when climate change justifies seizing private property. The stakes are enormous, affecting not just ownership of offshore mineral and fishing rights but also potentially trillions of dollars of coastal real estate. — bloomberg.com
Climate change has left many rules governing real estate ownership murky. As sea levels rise this especially affects coastal property and laws hinging on high-tide lines. View full entry
[ed] How 'public' space is lost "Casting a wary eye on the four-week-old Occupy Wall Street encampment, a group representing some of the city's most influential landlords plans to ask the city to revamp the rules governing privately owned parks, including removing a requirement that they be open 24 hours a day." — WSJ
