Winter Storm May Cost Michigan $250 Million

DETROIT (WWJ) Despite the complaints that the snow storm was overhyped, one firm is estimating that it cost Michigan more than a quarter of a billion dollars.

Boston-based IHS Global Insight claims the flight cancellations and business closures lost the state about 251-million dollars. 

The Grand Rapids Press spoke with, Greg Cohen, president of the American Highway Users Alliance, which commissioned the study. “The shocking losses estimated by this study should light a fire under state and local authorities nationwide to get serious about investing in quicker and more effective snow and ice removal.”

“When roads are left unsafe or impassable, it is more than a public safety issue – it’s like money being thrown down the drain,” Cohen added.

The cost of the snow storm impact estimated for New York State came in at about 700-million dollars.  

The firm claims the biggest impact was on hourly workers.


One Comment

Leave a Reply

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

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

More From CBS Detroit

Best Fall Festivals In Metro DetroitFrom music to art to special events, there's a little something for everyone's delight.
Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.

Watch & Listen