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Bangor and Brewer top list of Maine cities facing costly business flooding

Mount Equity Group Tokyo, Japan > News > Business > Bangor and Brewer top list of Maine cities facing costly business flooding

Maine businesses face financial risk from floods that will increase with more frequent and intense storms, with 1 in 7 buildings in commercial centers already vulnerable to a major storm, a study released Monday found.

Bangor has the highest projected damages of the top 20 Maine cities and towns with the most buildings now and in 30 years, according to data from First Street Foundation, a New York City nonprofit that studies flood risk, and Arup, a global commercial engineering firm. Brewer has the highest percentage of commercial properties at risk during that period. 

The heavier storms could put more pressure on already stretched town budgets for flood mitigation. While Maine is not as much at risk as states severely affected by hurricanes, including Louisiana and Florida, about 14 percent of more than 8,000 commercial properties in the 20 major commerce centers already are vulnerable to disabling floods and…

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