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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (40646)	9/5/2005 5:55:57 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

They'll clean it up, but the real question is what kind of flood protection will be instituted after wards? Due to coastal wetland depletion, the city as is will become increasingly vulnerable to tropical disturbances. All of the proposed remediations are expensive. The port is probably necessary (though other arrangements for a port upriver could be made), and the oil/gas infrastructure is necessary (though it's clear that maybe the 3 refineries in St. Bernard parish don't make sense, maybe they need to be rebuilt further upriver. Do we (the US) really want or need 1.3 million people living in the Greater NO area? Or would a smaller plan with a more concentrated flood protection scheme centered around the old French quarter and downtown areas make more sense? I don't know, but I do know these issues will be hotly debated and studied over the coming months....

To: bentway who wrote (40646)	9/5/2005 6:00:45 PM
From: Jim McMannis	Respond to of 306849

RE:"But don't you think there's going to be a huge influx of workers into NO to fix and clean the place up? If not for NO, just for the rest of the county's oil and gas needs." I predict that a large no. of N.O. residents will not return if they have a choice. There will also be a huge influx of over the border "guest or illegal" workers moving into the area to fill the void and take some of the tough rebuild jobs. Remember what Vincente said....