Go ahead, rebuild, but I would prefer you NOT use U.S. tax dollars. Go sell a casino, or something.
I wonder if the government officials of New Orleans/Louisiana are considering Emminent Domaining all the private property that was flooded. They owe some people...big time.
The place is a toxic cesspool... I doubt anyone will be living there for a very long time. Perhaps they will take the historic homes and move them somewhere else and develop a new New Orleans... remember Love Canal???