The devastation of New Orleans is vast and likely complicated by the fact that so much of the city is so old that repair will be difficult. Hopefully many of the old buildings of the French Quarter will survive intact. The next big story will likely be the insurance battles ahead, as businesses and homeowners struggle to keep aloft before insurance payments are received. As it is a marginally red state, surely the Bush administration will be sure that federal monies are received (unlike Manhattan after, well, you know).
With all of the upcoming reconstruction and redevelopment coming, a dream scenario would be a large army of gay men taking over - a GayCorp. Only the GayCorp could properly bring the city back to it's sexy/campy self in proper fashion and keep corporate 'entertainment' (i.e. TGI Fridays) at bay. Having reestablished the city, the GayCorp could settle there, becoming a proper gay mecca. The development money will be out there; it's time for the gays to seize the moment. New Orleans, here we come.