 The Lake Vista, Lake Oaks, Lake Terrace, East and West Lakeshore subdivisions and other property between Robert E. Lee Blvd and Lake Pontchartrain are all examples of these developed properties.The OLD also owned a marina and a small commercial airport on a man-made peninsula created from dredged material in the early 1930s.In the Flood Control Act of 1965––legislation enacted in response to losses exceeding $1 billion (including multiple levee failures) during Hurricane Betsy––Congress directed the Corps, from then forward, to be responsible for design and construction of the hurricane flood protection system enveloping New Orleans.