The U.S. Army Corp of Engineers has released its long-awaited San Francisco Waterfront Flood Study, which calls for raising a stretch of the city's bay shoreline, including the Embarcadero and the landmark Ferry Building, by seven feet to combat rising sea level.

The massive project, which also involves rebuilding or "flood-proofing" all of the piers on the bay shoreline, would aim to be completed by 2040.

The 252-page draft, presented jointly by the Army Corps and the Port of San Francisco, also comes with a massive price tag: $13.5B, which would make it the largest infrastructure project in the city's history.

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