Boston Bombing Cost Economy an Estimated $333 Million

20130430-074846.jpg

In a matter of moments, the Boston Marathon bombings inflicted as much as $333 million in damage to the local economy in lost wages, retail sales and infrastructure damage, according to preliminary estimates. But the effects of the April 15 attack, which killed three people and injured 264 others, continue to send shock-waves far beyond Boylston Street.

Based on published reports and interviews with local business leaders and authorities, here are some figures that hint at the ultimate financial impacts of the bombings, and illustrate the enormous gap between the losses inflicted on the city and victims and the pocket change spent by the alleged killers:
Cost of artificial legs for the 14 people who lost limbs: $20,000 per amputation; $7,200 for a below-the-knee artificial foot up to $90,000 for microprocessor-controlled full leg; tens of thousands for rehab
Total cost of care for 70 hospitalized victims: Could exceed $9 million, according to one rough calculation
Money collected by One Fund Boston established by the city and state to aid marathon victims: $23 million
Cost to Sugar Heaven, 669 Boylston St.: $65,000*
Cost to Abe & Louie’s, 793 Boylston: $500,000**
Cost to Sir Speedy’s Printing, 827 Boylston: $150,000
Cost to Whiskeys’ Smokehouse, 885 Boylston: $250,000

Total losses from 10 hardest-hit businesses: $2.3 million
Total business losses within the Boston Police Department’s designated “Impact Zone”: $10 million
Size of Small Business Administration loans available to businesses: Up to $2 million
Value of tickets for canceled Celtics-Pacers NBA game: $1.3 million
Value of tickets for canceled Boston Symphony concert: $175,000***
Value of tickets for three canceled Blue Man Group performances: $105,000***
Lost receipts for New England Aquarium: $130,000
Lost parking ticket revenue: $8 million
Lost fares, one day of Massachusetts Bay Transportation Authority: $1.56 million****
Net cost of canceled Amtrak service: $180,000
Cost of hijacked SUV: At least $47,270
Money stolen from SUV driver: $845
List price for Ruger 9mm similar to the handgun allegedly carried by the suspects: $374 to $599
Retail cost of boat where suspect Dzohkhar Tsarnaev hid from police: $50,000
Amount raised to replace David Henneberry’s boat: $50,522.50
Cost of manufacturing six bombs from pressure cookers, elbow pipes, nails, firecrackers and glue: Less than $100 per bomb
Cost of holding a federal prisoner for one year: $25,000
Cost of holding a federal prisoner in a “supermax” prison for one year: $75,000
*First blast was outside 671 Boylston St.
**Second blast was outside 755 Boylston St.
***Estimate based on average ticket prices
****MBTA was shut down on April 19, during the manhunt for Dzhokhar Tsarnaev
source

Artwork by Beezy

Advertisements
1 comment
  1. Hey all, only become aware of ones weblog into Google, and discovered that it is truly helpful. We’re destined to be careful regarding brussels. I most certainly will appreciate should you commence this specific in future. Various other others will more likely be benefited from your current creating. Best wishes!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: