NFT: Is New Orleans Worth $32 Billion?
 

"Gov. Kathleen Blanco and other Louisiana officials, as well as businesses and homeowners, have said the levees must be improved to protect against Category 5 storms if the New Orleans metropolitan area hopes to persuade people to return.

Such improvements would require federal funding. Early estimates run as high as $32 billion, and it would take up to 30 years to complete the work."

So, what do you guys think? Is rebuilding and protecting New Orleans worth investing that much money and time?

Is Iraq worth much much more than that? That's the next question.

Aboslutely not.
If it were prior to it being destroyed.. maybe, but not now. It's doubtful that NO will ever recover. It's going to be a shadow of it's former self forever.

NO

It's a deal compared to Iraq.

I would still vote against it.

The city is worth it, but 30 years seems like an absurd amount of time. Sounds like more government horsecrap to steal more tax dollars from the middleclass.

Possibly. Hard to overprice oil in this day and age. In 10 years that area is likely going to be priceless.
Not that I endorse the Iraqi invasion.

Absolutely.

That being said, please refrain from the political.

No thanks.

I'd allow commerical re-development, but not allow any residential areas around the flood zones.

We are a long ways from baseball season to start talking about the Yankees payroll.

Nope, the looters have already taken everything of value.

only the parts that whites can venture into.

BD, your answer surprises me. I was sure if anyone could appreciate Mardi Gras in New Orleans it'd be you.

She didn't clarify her statement, 15 billion of that money would be split between herself, the Mayor, the City Council, Edwin Edwards, the Long family (the Long family and Edwards will get a cut of everything by default for paving the way for the corruption that will now and forever engulf Louisiana Politics) and the rest will probably actually go towards rebuilding.