This could be a financial catastrophe for the City of New Orleans and the State of Louisiana in the long term.
-The Saints would almost surely leave
-What about the Sugar Bowl? The Super Bowl Rotation?
We're talkin' about billions in lost revenue to an economy that Katrina has already brought to its knees.
If it has to be torn down, It has to be torn down. However, they better have a plan to build some sort of new stadium, or the Louisiana Economy is just going to get salt rubbed in its already gaping wound.
They've already had the financial catastrophe and the lost revenue from the Saints is a drop in the bucket. There are discussions starting now on what to do with New Orleans - some are saying leave the lower-lying areas underwater and keep only the historic areas. There is a very good chance NO will never be the same. Many of the people who have left will never come back.
If NO is to be built with federal money with everybody's taxes, a stadium should be low priority. Maybe this sounds harsh, but people are talking like there is an endless flow of money. Even if it were to be restored, a levee system adequate to protect against another class 4 hurricane is thought to take 30 years to complete. We should not rebuild a city only to put it in harm's way again.
I know the Saints owner isn't very popular, but he needs to do what it takes to keep his franchise alive because he may not have a New Orleans to go back to.