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Bringing it All Together

Question 5: What is the right mix of property rights and community risk? (Pick ONE)

Question 5 Trade Offs


Property Rights, Community Risk, Community Costs
In Louisiana, there are few limits on where people can build. Property rights and individual freedom are important values to us. But when people build in areas with high risk of storm damage, all of our insurance rates rise because we share insurance pools. And all of our taxes pay for disaster recovery. Is there a "right" mix of property rights, community risk and community costs?

Regulatory Change
Changes to land-use regulations and incentives would likely be needed to shift development away from unprotected high-risk areas and wetlands. These changes might include zoning reform, open-space preservation, and policies to revitalize downtowns and older neighborhoods. Investments in public transit would also create incentives to change development patterns.

Ways to Manage Risk in Unprotected, Flood-Prone Areas
  • More stringent building codes
  • Requirements to elevate buildings
  • Less access to private, state or federal insurance
  • Less access to services or utilities
  • Less access to disaster-recovery funds
  • Land-use restrictions
Question 5: What is the right mix of property
rights and community risk? (Pick ONE)
Option A
A
Emphasize property rights. No increased restrictions on where or how people build; shared risk for everyone increases.
Option B
B
Balance property rights and community risk. Some new rules for unprotected, flood-prone areas; shared risk minimized for everyone.
Option C
C
Emphasize reducing community risk. Development prohibited in unprotected, flood-prone areas and wetlands; shared risk for everyone decreases.

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