I keep hearing they want to rebuild New Orleans and I can see preserving the French Quarter and around that area, which I believe is on higher ground than the rest of the city, but to have so many people living below sea level - essentially in the bottom of a drained lake - doesn't really make a lot of sense. Of course, people don't always make decisions based on sound judgement and who am I to say what they should do.
Here's an article from Dec. 2000 that looks at New Orleans from an insurance perspective:
The Lost City of New Orleans?Very interesting, especially considering it is from 2000.
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