Ah, those fires.
Lord, are they going to be expensive.
And that’s in today’s dollars – not in ‘down the road’ dollars, after the elected California officials get done doing everything they can to make the cost projections even worse.
Last month’s Palisades and Eaton wildfires caused between $28 billion and $53.8 billion in property damage, with business disruptions projected to result in economic losses of up to $8.9 billion in Los Angeles County alone over the next five years, according to a study published Thursday.
The report commissioned by the Southern California Leadership Council and the LA County Economic Development Corporation studies the impacts of the destruction and economic havoc caused by the fires and offers data-driven recommendations to guide recovery efforts.
The study estimates that the fires could lead to up to 49,110…
