they won't need a bond issue. the federal government is going to pay for everything. the city of new orleans no longer exists as a government agency. can they collect any taxes, I guess all their public employees are unemployed (except police)? who pays them now? why do we need public school teachers in new orleans now, when the schools are underwater?
Tel New Orleans will not resemble New Orleans outside the CBD/Quarter. The lower 9th will be abandoned to the sea.