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Originally Posted by davidd
San Francisco contributes massively to the economy. This is a $$$ conversation.
Lousiana is the 6th poorest state in the union, and on a financial review, $100bil would be a lot to spend on a city in this state that is below sea level, and a cess pool.
The GSP (Gross State Product) is: 146,000,000,000
http://www.statehealthfacts.kff.org/...+State+Product
The state of Louisiana pays $20,000,000,000 a year in taxes. On a purely tax revenue basis, it would take 5 years to recoup the money (assuming $100 bil reconstruction on public works, FEMA assistance, etc etc). |
I suspect most of that is from NOLA. Get rid of NOLA and you can expect LA to contribute even less in taxes.
NOLA has an active convention draw, Mardigras, Sugar Bowl, Jazz Festival as well as millions of tourists coming in just to see the place outside events. I see no way they can afford NOT to build it back.