A new two-year study commissioned by the Coastal Protection and Restoration Authority found that coastal land loss could cost Louisiana more than $133 billion in economic damage if a Hurricane Katrina-like storm hits again in the next 50 years. The losses could also put 8,800 to 12,200 jobs at risk. The study was conducted by the Louisiana State University Economics and Policy Research Group and the RAND Corp. and also examined how much the state would have to pay to replace commercial, residential and network infrastructure lost by the disappearing coastline. That estimate ranges from $2.1 billion over 25 years to $3.5 billion after 50 years. The study did not take into account the potential beneficial effects of the coastal restoration projects currently being undertaken by the state.
Read further coverage of the study via NOLA.com/The Times-Picayune here.