I always want it to be that way for my Nola...No no no Nola*.
A full recovery in New Orleans could take 25 years as homeowners, businesses and tourists are coaxed back to the city devastated by Hurricane Katrina, the Bush administration's Gulf Coast recovery coordinator said Thursday.
[...]
Much of the economic rebirth hinges on flood maps that will set safety standards for rebuilding, Powell said.
The four parishes that make up New Orleans and its immediate suburbs have been waiting for the Federal Emergency Management Agency to issue the flood maps for months. Powell said he expects FEMA to release the maps soon, but that the data largely is tied to new levee cost estimates that would nearly triple earlier projections _ to $6 billion _ for protecting the city.
Rebuilding also requires the design of an efficient flood insurance policy. Unfortunately the policy we have in place, the National Flood Insurance Policy, is not efficient.
Why? Well I'm glad you asked. Watch here for John and my take on the NFIP. It's due to be published tomorrow in the 2nd quarter issue of the Milken Institute Review.
How's that for shameless self-promotion?
*If you don't get the title reference, see here...and then see if you can get the song out of your head for the rest of the day.
