LOWER MANHATTAN, New York City (WABC) -- Mayor Bill de Blasio unveiled a major new initiative Thursday to combat the impacts of climate change in New York City.The city will spend some $10 billion to extend part of the Lower Manhattan shoreline by 500 feet, with the mayor calling it one of the most complex environmental and engineering challenges New York has ever undertaken.De Blasio released findings of a study that determined the city's comprehensive strategy for the Lower Manhattan Coastal Resiliency project The study evaluated dozens of adaptation measures and identified a set of strategies to build resilience in Lower Manhattan, include developing a plan to extend the shoreline into the East River to protect the low-lying and highly constrained Seaport and Financial District area.In addition, the city will advance $500 million for four capital projects to reinforce Lower Manhattan's coastal areas and provide interim flood protections for the Seaport, parts of the Financial District and Two Bridges neighborhoods, to begin construction between 2019 and 2021."Hurricane Sandy showed us how vulnerable areas like Lower Manhattan are to climate change," de Blasio said. "That's why we not only have to reduce emissions to prevent the most cataclysmic potential effects of global warming, we have to prepare for the ones that are already inevitable. Our actions will protect Lower Manhattan into the next century. We need the federal government to stand behind cities like New York to meet this crisis head on."Since Superstorm Sandy, the city has worked to assess the impacts and risks of climate change and analyze coastal protection options along the 3.3 miles of shoreline comprising Lower Manhattan.The Resilience Study projects that by the 2050s, 37 percent of properties in Lower Manhattan will be at risk from storm surge. By 2100, with over 6 feet of projected sea level rise, almost 50 percent of properties will be at risk from surge, and 20 percent of Lower Manhattan streets will be exposed to daily tidal inundation. Groundwater table rise is projected to put 7 percent of buildings at risk of destabilization and expose 39 percent of streets with underground utilities to corrosion and water infiltration.Here are the details of the plan, according to a press release:The study examined a range of options for protecting all of Lower Manhattan, including the Seaport and the Financial District. These areas present unique challenges, including low-lying topography, a lack of available space, dense infrastructure above and below ground, and an active waterfront. The proximity of the FDR, Battery Tunnel and A/C subway tunnels further constrain the sites. Taken together, these elements mean that more traditional on-land flood protection measures are not feasible. Ultimately, the study found that extending the shoreline into the East River is the only feasible way to protect these vulnerable and vital parts of the city.The shoreline may be extended by a maximum of 500 feet, or two full city blocks. This will create a new piece of land with high points at or above 20 feet from current sea-level. The new shoreline will act as a flood barrier during storms and protect the neighborhoods against projected sea-level rise. The exact extent of the new shoreline, along with the design and construction of this innovative flood protection system, will be determined through an extensive public engagement process.Over the next two years, ORR and NYCEDC will complete a Financial District and Seaport Climate Resilience Master Plan, which will include a comprehensive design for the shoreline extension and establish a new public-benefit corporation to finance, construct, and manage it. To begin this process, the City will immediately procure a team of engineers and designers through a Request for Qualification RFQ later this month. The Master Planning Process will be complete in 2021 and will identify a first phase project.In response to these risks, the city is advancing approximately $500 million worth of investments in climate resilience as part of an overall strategy that includes both capital projects and additional planning for increasing the resilience of Lower Manhattan.The city is making targeted, ambitious investments that will deliver significant climate adaptation measures for key neighborhoods of Lower Manhattan:In the South Street Seaport area, parts of the Financial District and Two Bridges neighborhoods, Emergency Management (EM) will spend $3.5 million to deploy a combination of just-in-time Tiger Dams and pre-deployed HESCO barriers by the 2019 hurricane season as temporary measures in advance of a permanent solution.In Battery Park City, the Battery Park City Authority (BPCA), with $134 million in bonds, will reconstruct its esplanade and open space to adapt to new climate conditions. BPCA kicked off design in 2018 and will start construction in 2020.In The Battery, NYCEDC, in partnership with NYC Parks, BPCA and the Battery Conservancy, will invest $165 million to elevate the wharf and esplanade and integrate a protective barrier such as a berm at the back of the park. This design will preserve the look and feel of the existing park while strengthening the shoreline. Construction will begin in 2021.In the Two Bridges neighborhood, NYCEDC is designing an integrated flood protection system comprised of permanent barriers and deployable or 'flip up' protections that will protect view corridors and public access. DDC will manage construction of the $200 million investment, which will begin in 2021.Beginning in the spring, the city will establish a robust community engagement process to discuss the study, its strategies, dedicated investments, and further planning. Dedicated community outreach programs will take place for each of the advancing capital projects as well as for the Financial District and Seaport Climate Resilience Master Plan. Community engagement for the Master Planning Process will inform the extent of the shoreline extension and topside programming and identify a first phase project.As part of ongoing citywide efforts to increase the resiliency of city buildings and infrastructure to the impacts of climate change, the city also released the third version of its Climate Resiliency Design Guidelines. Since New York City facilities built today will remain in use for many decades to come, it's critically important that they be designed to withstand the long-term impacts of climate change based on the best available science.These publicly available guidelines, which are recommended for use in municipal capital projects, equip engineers, architects, and planners with the tools and information they need to integrate future climate data into their designs. These guidelines were developed using local climate change projections that have been collected and refined over 10 years by the New York City Panel on Climate Change (NPCC). Using the Guidelines helps protect the built environment and the services New Yorkers rely upon, while avoiding future damages and higher operational costs.----------