Tuesday, April 30, 2013

Adding up the financial costs of the Boston bombings

Jessica Rinaldi / Reuters

Flowers lay on the sidewalk at the site of the first explosion at the Boston Marathon finish line after Boylston Street reopened on April 24.

By Bill Dedman and John Schoen, NBC News

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

Elise Amendola / AP

A city transportation worker fixes a street sign in Boston's Copley Square on April 25.

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

Mark Schone and Berenice Garcia of NBC News also contributed to this report.

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Source: http://feeds.nbcnews.com/c/35002/f/653381/s/2b57a3c0/l/0Lusnews0Bnbcnews0N0C0Inews0C20A130C0A40C30A0C179754430Eadding0Eup0Ethe0Efinancial0Ecosts0Eof0Ethe0Eboston0Ebombings0Dlite/story01.htm

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