With rising sea levels the front of the city is threatened, so doesn't it make sense to slowly move the front of the city onto the water making use of the largest open space for building in the world, the ocean.
Also a bonus for building on water in the coastal city is that normally these city centres are located around the waterfront, so by building on water there the city can achieve greater density in the CBD or waterfront area without overcrowding, mint!
70% of the world is covered in water, kinda makes sense to use some of it for building on.
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