[popdonnelly]

"Levees and storm walls may be as much as 2 feet lower than they were designed to be, both because elevation data were outdated when the levees were built and because the land has continued to sink,"

Anyone want to buy some land in New Orleans? How much are we going to spend to rebuild it?

[adorno]

Anyone want to buy some land in New Orleans? How much are we going to spend to rebuild it?

I read or heard somewhere that real estate investors are buying land and property like crazy in the expectation that when rebuilding starts up they will score big profits. The property and land values around and in NO have actually gone up.

My personal belief is that if NO is to be rebuilt it should be done away from its current areas that are below sea level. To rebuild NO may sound politically correct to many people right now, but the reality is that to rebuild NO where it stood before Katrina is sheer stupidity.