Summary
ORANGE BEACH, Ala. - The newest, multibillion-dollar wave of construction on the northern Gulf Coast is along the piney banks of a manmade ditch, protected from the twin threats of storms and high land prices.
With beachfront acreage in ever-shrinking supply and much of the coast still recovering from hurricanes Ivan and Katrina, developers are putting up luxury condominium towers, shopping areas and marinas on the 1,300-mile Gulf Intracoastal Waterway - despite concerns the trend could endanger navigation on a vital commercial artery.See the full content of this document
Extract
Developers Turn to Manmade Waterway
For decades, the canal resembled little more than a meandering river with dirt banks, huge barges pushed b...
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