RE.invest Initiative to Partner With Eight Cities to Develop Resilient Stormwater Systems

The Rockefeller Foundation-funded RE.invest Initiative, a two-year effort to help municipalities rethink the way they design, plan, implement, and finance infrastructure, has announced the selection of eight cities to participate in a project to develop resilient stormwater systems.

Developed in collaboration with c.dots development and CH2M HILL and launched in January, the initiative aims to ease the burden on city budgets and personnel by helping cities attract private investment and use public resources more efficiently to upgrade their infrastructure. With the aim of creating a new public-private collaboration model that supports learning, flexibility, and continuous improvement, the eight cities selected to participate in the stormwater initiative — San Francisco; Miami Beach; New Orleans; Hoboken, New Jersey; Honolulu; El Paso; Milwaukee; and Norfolk, Virginia — will receive technical assistance from engineering, law, and finance experts at Bechtel, Akin Gump Strauss Hauer & Feld LLP, and Wall Street Without Walls.

"Hurricane Sandy was a wake-up call that cities across the U.S. need to protect their communities from the devastating impacts of future storms. Recent reports indicate eleven billion gallons of untreated waste water was released due to surges during just that storm," said c.dots development co-founder Shalini Vajjhala. "Our goal is to prevent the kind of destruction that is caused by these terrible storms, which are increasing in intensity. Together with our corporate partners, we are going to help cities mobilize significant investments to reduce costs for these important projects. We also want to connect cities with project developers and potential investors as they undertake critical infrastructure investments."