Plan Could Shrink New Orleans Footprint

Thursday, December 15th, 2005 Catastrophe Property

According to the New Orleans Times-Picayune newspaper, a key member of the commission charged with overseeing the rebuilding of New Orleans partially endorsed a proposal to shrink the city’s footprint, but pulled back from a recommendation to temporarily ban development in some of the neighborhoods hit hardest by Hurricane Katrina. The plan would allow residents to rebuild in any part of the city for the next three years and would allow the city would have the power to condemn property in areas that have failed to develop sufficiently to support the neighborhoods.

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http://www.msnbc.msn.com/id/10465263/

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