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Wow, that looks pretty bleak. Do you think New Orleans will ever recover?

Have property values dropped very much? I would think in the long term that would encourage people to move or come back to NO.

Also, I´ve heard that nearby cities like Lafayette and Baton Rouge now have booming economies due to the population increases. Perhaps New Orleans will now be de-throned as the industry capital of Louisiana?


That's a very strong possibility. Businesses will take whatever steps they need to in order to survive, and it's hard to run a business without employees. Many businesses will have already moved - and once they are established elsewhere, it's going to be hard to entice them back. It's going to be a long time until New Orleans is a suitable place to build a new business too.

History certainly has a precedent - look at Galveston.
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