Essay on The Case for, or Against, New Orleans - 2221 Words

The Case For, or Against, New Orleans Cost-Benefit Assessment Too asses and give recommendation on whether or not to rebuild the city of new Orleans I will be examining the cost to benefits of such a rebuild and the impact and benefits it will have towards the city. In the CBA, I will be examining the cost of rebuilding New Orleans to pre Katrina conditions without making any additional upgrades to the levees and infrastructure. This will give me a more accurate cost model to base my recommendation on. As for the benefits I will examine the benefits of recovered losses when comparing pre Katrina data to post Katrina dat. The areas where I will be examining are tourism recovered, port operations recovered, wages recovered,†¦show more content†¦Department of Homeland Security (DHS): $285 (80) million * U.S. Department of Defense (DOD): $4.6 billion * CDFI Fund: $400 (200) million. * FEMA’s National Flood Insurance Program (NFIP): $12.6 billion. * On May 9, 2006, Secretary Jackson approved Louisiana’s initial supplemental CDBG Disaster Action Plan and awarded the state $368.4 million to help meet the state’s infrastructure needs, provide interest-free small business bridge loans and support long-term planning efforts. On May 30, 2006, Secretary Jackson approved an amended plan and awarded an additional $4.6 billion of the state’s original $6.2 billion to fund Louisiana’s Road Home Program. This program provides up to $150,000 to eligible hom eowners whose primary residences were located outside pre-Katrina designated flood zones and were destroyed or severely damaged following Hurricanes Katrina and Rita. (Hurricane Katrina: What Government is Doing, 2006) ESTIMATED TOTAL: $35.64billion Benefits The benefits as explained above will be the lifeblood of New Orleans. These sectors include tourism, port operations, wages, and taxes. I feel that examining these areas will give us a better look at the microeconomics of New Orleans and allows us to better estimate the benefits of a recovery effort. Also to better understand the value of these benefits I will be discounting the FV of the benefits by three important discount rates.Show MoreRelatedThe Case for, or Against New Orleans2509 Words   |  11 PagesJason Coleman 06-11-12 New Orleans Recommendation Paper The Case For, or Against, New Orleans Management Decision Models B6025 Dr. Usha Dasari We will look at many factors in our case for rebuilding or not rebuilding New Orleans. This recommendation will be reviewed by state and local governments for their decision. 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