The annual per capita income of residents of New Orleans is below $20,000 and so giving a teaching person a voucher of $200,000 will be very beneficial to the people instead of building the infrastructure.
This amount will definitely go a long way in helping the residents of the city to live a good life or even move to other cities where they can start a good life.
There are various reasons that support the fact that rebuilding cities are not a good idea. The city of New Orleans was a crucial city in the economy of the U.S because of its location (Glaeser, 2005). The city made it easy to transport goods by water which was much cheaper than land during that period.
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