Quote:
Originally posted by Captain
Just a question for you and the other poster on New Orleans, who mentioned Kelo. Won't some level of redesign and rationalization occur without government intervention? I know that Chicago after the fire was rebuilt in a radically more rational way, but I don't know how much of that was free market forces at work and how much was government intervention.
It strikes me that a rational real estate developer has a better chance of assembling a useful larger parcel for development in the affected area than they had before Katrina, regardless of anything the government does.
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If everyone gets their property back there won't be any redesign. You can't make a new map when the old map is locked in. Any redesign is going to involve the confiscation of private property.
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