Quote:
Originally posted by Spanky
New Orleans was a poorly planned city. With the destruction of large swaths of the city it would be foolish to rebuild it exactly the way it was before if the cities growth was not well planned out. In a metropolitan area you need to be able to do some redisigning etc. when stuff changes or when past government planned poorly. In a metropolitan area property is an easily priceable commodity. People's attachment to sacrosanc property rights in the city is just unrealistic. As long as there is just compensation, cities needs to be able to move stuff around to make the city liveable for everyone.
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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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