I think it will cost $1 trillion to rebuild
Don't worry - I'm sure the relief will start pouring in from around the world any day now.
Current estimate from Risk management solutions is 100 Billion dollars. It is interesting that no one mentions the damage on TV. Damage is always mentioned but not this time. I had to do some digging. My initial thought when I heard of the hurricane heading for new Orleans was "goodbye New Orleans." I wonder if or when the poloiticians will have the guts to admit it will not be rebuilt. What building can survive being under 20 feet of water for months.
I think the city is gone. Economically, it will never pay to rebuild such a city.