It Costs $333 Million to Shutdown Boston For a Day

BOSTON

The tragic explosions near the finish line of the Boston marathon occurred on Monday, April 15.  These tragic explosions were responsible for the death and injuries of many people.

Boston has been shutdown to facilitate the manhunt for Dzhokhar Tsarnaev.  The security response to shutdown much of the City will cost millions of dollars as businesses are closed and public transportation is down.

According to Jim Diffley, a vice president and chief economist at IHS Global Insight state shutting don Boston for a day has steep costs.

The Boston metro area is reported to be the country’s ninth-largest  and has aneconomy bigger than that of Greece, Singapore, Portugal, or Ireland, according to the Fiscal Times.  According to Jim Diffley “Boston is a $1 billion-a-day metropolitan area.”    Boston will have a loss of approximately $250 million and $333 million a day.

Read article

Picture by Mark Z

Comments

comments

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

We want to hear from you!

We're here to serve you. Just send us an email and we'll get back to you, asap.

Sending

©[2015] Latinos in Tech Innovation & Social Media (#LATISM)

or

Log in with your credentials

Forgot your details?