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Big Easy Revival

Title:

Big Easy Revival

Published: Mon, 15 Jun 2009

Description: New Orleans undergoing massive reconstruction

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Automatically Generated Transcript (may not be 100% accurate)

" We -- much of the country really stuck -- mystical economic tailspin effect almost every city seems to have been hit except for one. Where things seem to be going quite well thank you very much I mean all things considered would you believe that city is New Orleans. Here's how many of us remember the Big Easy it's certainly I remembered devastated after Hurricane Katrina. Tore through the Gulf Coast in the fall of 2005 hitting south Mississippi flooding New Orleans. -- that catastrophe brought in billions of government dollars which have led to massive reconstruction projects and as it turns out the crescent city's current fortune. Is tied to its worst disaster."

" Believe it or not that's the sound of money."

" You can't drive a mile a new -- without seeing some kind of construction project. "

" Whether -- and structural Marshall Carter we're rebuilding billions of federal dollars have poured into the local economy as a result of the rebuilding effort after Hurricane Katrina it's not just federal dollars that are bent out of rolling around and are you in our economy but insurance proceeds -- others there are public projects private homes and commercial -- other things being a cool the New Orleans area is doing better. Today that it would have done had -- and not -- it's an irony not lost on the people benefiting from the -- construction workers in New Orleans had been working for. -- Vista 67 dollars a week some people."

" We're -- fifteen dollars a day -- Hamilton is one of the guys working to finish the new half billion dollar home of the Louisiana National Guard."

" Moves back availability every week. -- the entire economy has had this ability team. Get itself on an upward trajectory businesses are opening jobs -- being created in fact New Orleans has one of the lowest unemployment rates in the country. And it's largely avoided the foreclosure crisis you know you'll want to say. Golly -- you know things are really good. But it could be a lot -- And financial analysts say -- good -- will -- at least over the next few years in New Orleans Chris good theaters pop."

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