Why is another wall being built out in the water?

Building a new seawall 12 feet out into the bay from the current seawall will ensure the preservation and rehabilitation of the existing 19th century seawall so that it continues to function as a flood prevention device and that its historical significance is preserved. The new wall encapsulates the historic sea wall, protecting it. While the old wall was built out of now-crumbling coquina, the new seawall uses concrete and reinforced steel. When the gap between the two walls is filled in and paved, the seawall will once again serve as a waterfront promenade with a paved walking path, new streetlights and landscaping.

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1. How is the Seawall project being funded?
2. How much will be Seawall project cost?
3. How long will it take to complete?
4. Why is the seawall project needed?
5. Why is another wall being built out in the water?
6. Is the current construction taking place the only option that was considered?
7. Who is involved in the Seawall project?
8. Where can I find information on the various studies completed before the project began?
9. How old is the original seawall?