By Stephen J. Kotz
A new economic analysis by East Hampton Town of a proposed beach stabilization project for downtown Montauk has calculated that the project’s value in total economic benefits would be more than double the amount projected by the U.S. Army Corps of Engineers.
First Coastal Consulting Corporation prepared the report at the request of the town and estimated that saving the ocean beach in the downtown Montauk area would be worth an estimated $238.9 million. URS, a consulting form that undertook a similar study for the Army Corps, estimated that the project would provide an estimated $103.9 million in economic benefits.
The finding lends support for Montauk to receive significantly more relief than what the Army Corps has already committed to the hamlet, the town stated in a press release on Monday.
The Army Corps’ latest proposal calls for only half of the Montauk project to be built this fall. A more extensive project is proposed to be built under the greater Fire Island to Montauk Point Reformulation Study two years later.
“Without the construction of a feeder beach, the emergency project as currently proposed places Montauk in a vulnerable position,” said Town Supervisor Larry Cantwell.
Since the economic analysis is key to the Army Corps’ justification for this project, Supervisor Cantwell has urging the Army Corps to build a much more substantial project in Montauk as soon as possible.