Evaluate the cost of rebuilding new orleans


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To begin the decision-making process on the choice to build up this city will depend on the overall impact from comparing benefits it will have towards the city to the actual examination of the cost of these benefits. A Cost-Benefit Analysis (CBA) can help a business leader to evaluate the cost of rebuilding New Orleans. The CBA will also include the conditions of the area before the hurricane in order to give a more accurate cost model. The decision to make any additional upgrades to the city's levees and infrastructure will also be accounted for.

If the government and other agencies are able to prove that the NCV is less than the cost, then rebuilding New Orleans will yield a loss. This will mean that a possible recommendation to re-build will not be advisable. If the NCV is more than the cost, the re-building of the city would be recommended. Based on the article by S? we can make a few observations about this process. First, the city has a large number of visitors every year. In 2012, it was able to earn $5.3 billion from tourism. It is expected that these numbers will increase in the preceding years. Second, the city is a location that has both historic and financial opportunity. This allows for the United States to trade seafood and other exports. The ports of New Orleans have offered over 107,000 jobs that have earned more than $2 billion. Finally, the cost of rebuilding this city will help to increase jobs and can re-stimulate overall growth. The following data chart shows a possible example of the total cost for rebuilding the city.

With this step in our CBA, we know that it is important and practically mandatory to improve the levee system, pumping system, channels, and increase maintenance. We can see that out of all of the categories, the government will spend most of its money on this immediate needed improvement. We can see in the example of the model below that it also can represent the surface level of issues that New Orleans has faced and what major changes they would have to make to prevent major damage. We can even view an in-depth analysis of the situation we will see how much of an impact it can make as a 100-year max.

Fourth-

In order to re-emphasize this point, the rebuilding of the damaged but existing category three levy will cost anywhere between $1 billion to $5 billion to upgrade it and build a category four levy. The study states, and as seen in the prior data chart, a category five flood system would cost $32 billion dollars (Hallegatte, 2006). We know and can decide that a category three system would be insufficient based on the irregular weather patterns that have occurred over the past 20 years. Therefore, the lesser costing system would be a bad decision. However, its important to point out that the taxpayers who act as the investor in this scenario might feel upset knowing a category four hurricane could have the power to destroy the city again. Having the upgraded benefits for this protection are fewer casualties if there is a storm. This will ultimately lead to fewer losses, and the protection from the trauma of a flood on the population. The protection from economic losses is most important. Benefits of an upgraded system equal $28.4 billion dollars (Hallegatte, 2006). The estimated benefit of $28.4 billion dollars is close to the estimated cost of the upgrade, which is $32 billion dollars. The economic value is a plus for present and future generations. The clean-up cost are null and void because this task would need to be performed regardless of the rebuilding process. Upgrade in protection and clean up if split between the federal government and New Orleans would cost each entity $31 billion dollars apiece. With New Orleans seeing a possible benefit of $28.4 billion dollars and the cost of upgrade and cleanup is $31 billion dollars the cleanup and upgrade are justified. Tourism before Katrina was a $5 billion-dollar industry. If numbers stayed steady for six years straight New Orleans would be out of the red.

For the city of New Orleans to be rebuilt we need to make sure that we are creating a better city than what it was before. The intention would be to downsize the city. We need to take the areas such as West End, Lakeview, Village Del'est, and Read Blvd. East and generate it into open space. It is pivotal that we protect our culture/historical district, regenerate the wetlands, reimburse people, divert the Mississippi River, keep the plans, project, and procedures up to date. This short-term cost can be around $23 Billion dollars over a 0-50-year time frame. The long-term cost can be around $83 Billion dollars over a 50-100-year time frame. It is up to the future of the city and while the cost seems steeps it is what we believe will be the best interest for the eco-systems and their residents. These adjustments to the city will give produce a least impact on human life, protect it against rising sea levels, return wetlands, and bring the city back to a healthy state.

Conclusion

Having a grant from the government for around $20 billion dollars is what will work to help with the rebuilding of the city including their seaport, rails, airports and other types of transpiration. The Public transportation is now especially accessible, and it includes all modes of travel and bike riding which become very popular and has increased. Economically speaking, the city of New Orleans has now become more diverse, profitable, and innovative. The highest levels of flood and hurricane protection surround the city. Risk aversion is being addressed with the addition of jobs, flood security, repopulation, and the improvement of the city. We must see the present-day Florence prospers. The future is bright for New Orleans.

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