South Korea could be getting a floating city — a concept that could work in Toronto, company says
May 23rd, 2022
By Donovan Vincent
A United Nations group and a large New York-based biotech company are among the players joining forces to build what could become the world’s first floating city adaptable to rising sea levels.
Called Oceanix Busan, it’s named after the large coastal city in South Korea that the yet-to-be built project is slated for.
The project will help cities facing land scarcity and also address climate change-driven weather events such as extreme flooding, those behind the initiative say.
And the CEO of the company set to develop it argues one could be built in Toronto given its proximity to a large body of water.
The project looks like floating platforms, hexagonal in shape, about 15 acres in size and anchored in shallow water to the bottom of the ocean, a lake or river.