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The economic effects of Hurricane Katrina, which hit Louisiana, Florida, Texas and Mississippi in late August 2005, were far-reaching. In 2006, the Bush administration sought over $100 billion for repairs and reconstruction in the region, making the storm the costliest natural disaster in US history. [ 1 ]
The project sought to rethink New Orleans's stormwater management and drainage infrastructure to ensure the city's longevity amidst subsidence and climate change concerns. Additionally, a major component of the project was the revitalization and economic development of areas within the city that had been severely impacted by the hurricane. In ...
Furthermore, the cost is expected to perpetually increase for several thousand years as cleanup operations and the economic impact of the Chernobyl Exclusion Zone continue indefinitely. [4] The most expensive natural disaster is the 2011 TÅhoku earthquake and tsunami , costing an estimated $360 billion.
By comparison, Hurricane Katrina, the 2005 storm that devastated New Orleans, killed more than 1,800 and cost about $200 billion, according to federal estimates.
August 29 marks the 10-year anniversary of the day that Hurricane Katrina hit Louisiana, and since then, New Orleans and surrounding areas have never been the same.
Hurricane Katrina made its second and third landfalls in the Gulf Coast region on Monday, August 29, 2005, as a Category 3 hurricane. Later that day, area affiliates of local television station WDSU reported New Orleans was experiencing widespread flooding due to breaches of several Army Corps-built levees, was without power, and experienced ...
When Katrina destroyed 75% of the housing units in New Orleans, the agency scurried to respond to the disaster, spending $2.7 billion on 145,000 trailers and mobile homes to house an estimated ...
The next day, Sunday, August 28, Katrina became a Category 4 hurricane [7] and eventually evolved into a Category 5 storm the very same day, with winds blowing at about 175 mph (280 km/h). [8] New Orleans Mayor Ray Nagin decided not to declare a mandatory evacuation of the city, and instead opened up the Superdome to those who couldn't leave ...