The economic cost of devastating hurricanes and other extreme weather events is even worse than we thought
from Route Fifty
To really understand the economic costs of an extreme weather event, it’s important to consider all the investment that is being “crowded out” or lost to cover those rebuilding costs. Put another way, there’s only so much money to go around. And $25 billion being used to rebuild means $25 billion is not being used for other public and private investment opportunities that are more forward-looking or more likely to promote growth.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063