Tuesday, December 13, 2005

Ivor van Heerden estimates cost for Ponchartrain floodgates at $3 billion.

We shouldn't try to nickel and dime this problem.

“When we think about New Orleans and Katrina, what we saw was a catastrophe that’s going to take years and years and years to heal and probably $200 billion,” Van Heerden said. “So an investment of $3 billion is a very, very wise investment when you consider the $200 billion loss.”"

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