• Joseph Bonner

Houston could be spending over $50 billion in property damage


The Greater Houston Partnership and Moody’s Analytics reported to the Houston Chronicle newspaper that it will cost the city of Houston as much as $50 billion in damage costs and lost economic activity in a preliminary report. $30-$40 billion will be the cost of property damage alone. Economist Patrick Jankowski said that each week of inactivity will cost the city of Huston $10 billion in economic activity, like retail sales and taxes. If these numbers are correct, Harvey will be the costliest natural disaster ever recorded in U.S. history.


Vineyard.png

© 2020 Legend Magazine

Legend  Magazine  | info@legendmgz.com   

402 W Broadway, 

San Diego, CA 92101

Suite 62-B

 (800) 340-9629

 

  • Facebook - Black Circle