2005 levee failures in Greater New Orleans flooding from hurricanes to the forefront. In response, the Congress passed the Flood Control Act of 1965 which mandated that henceforth, the Corps of Engineers is the agency responsible for design and construction of flood protection projects, to include those in Greater New Orleans. The local interests' role was maintenance once the projects were complete. Also that year, Congress authorized the Lake Pontchartrain and Vicinity Hurricane Protection Project (LPVHPP) which reiterated the principle of local participation in federally funded projects. The project was initially estimated to take 13 years, but when Katrina struck in 2005, almost 40 years later, the
Effects of Hurricane Katrina in New Orleans United States with one of the largest fisheries and the most important flyway terminus, enabling New Orleans to profit from these ecological industries. Furthermore, by increasing the wetlands, it would help create a natural barrier that could aid New Orleans in future storms. It is estimated that if New Orleans was to restore of wetland lost before 2005, the natural capital would be worth an estimated $6 billion/year, or $200 billion at the present value. While New Orleans has made numerous efforts in rebuilding their economy, and has been successful with tourist-attracting events such as Mardi Gras, the natural capital