The biggest risk is the fact that according to our best estimates by 2050 sea level rise will be another 1.5 feet in that area. (https://sealevel.nasa.gov/ipcc-ar6-sea-level-projection-tool) For an area that is already on average 7 feet below sea level. New Orleans topography is basically a bowl between Lake Pontchartrain and the Gulf of Mexico. Couple that with stronger and more frequent hurricanes and there will be few places left to live in New Orleans and the surrounding area.
People who give other people a false sense of hope is what endangers lives and sets up future generations for devastation. If you really want to help people you need to break the cycle and subsidize relocation costs for those who currently live there that can't afford to move. All these mitigation efforts like restoring the natural coastal barriers may delay some flooding (so sure do it), but it will not prevent the inevitable and it is coming much sooner than 300+ years.