Coping with Katrina

The Pellissier family tried to rebuild their lives in New Orleans. But the challenge was overwhelming.

The business: What now?
Mark and his employees had to shovel their way into his shop.
The business: What now?
The storm sent Mark's business, the Radiator Shop of New Orleans, an automotive services company that has been in his family for three generations, into a death spiral, dropping its annual revenues from $550,000 pre-Katrina to about $125,000 last year.

Each week in the beginning, Mark commuted 430 miles to New Orleans to work on the business and tackle insurance claims. At the shop, he found computers and his massive wood desk piled in a jumble, soaked and moldy. All the equipment was a loss, and, he says, he and his employees "had to shovel our way in." The cleanup took two months.

Mark says he is willing to keep commuting, but business has been so bad that he's had to lay off all but two employees. He estimates that only 18% of his customers have returned. If he leaves the Radiator Shop behind, he'd like to get something out of his 23-year investment. But it's not clear how valuable the shop is.
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Darryl and Jennifer Hazelwood are giving their home another chance. (more)
Why progress on rebuilding is so slow and how businesses and former residents are coping. (more)
Photojournalist Stanley Greene has been documenting the aftermath of Katrina since the day it struck. (more) video

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.