I am not aware of anyone who's committed to large-scale redevelopment in New Orleans.

Some mid- to small-sized businesses will not bounce back quickly. Small manufacturers, with older equipment, may not necessarily choose to come up with the capital to rebuild. There will be strong construction but I don't think we will see the same thing as we do after other hurricanes.

That's what we're very concerned about. This is really an unprecedented event.

And I don't see that coming back to that 619,000-level until the second quarter of 2012.