| Provided by Alexander Robertson, IV, Esq.
Robertson & Vick, LLP
Although damage
estimates are still preliminary, Hurricane Katrina is already one of the most costly natural
disasters in U.S. history. The images of flooding, building collapses, and fires that streamed
virtually non-stop from 24 hour cable news outlets tell only part of the story of Katrina’s damage.
The hospitality and gaming industries were among the hardest hit along the Gulf Coast, with many
of their structures either partially or completely damaged by the storm’s fury. Now that the flood
waters are receding in New Orleans and debris removal has begun at the major hotels along the Gulf
Coast, important decisions need to be made which will impact the ability of owners and operators
to recover their financial losses.
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