Waldo fire has devastating economic impact

By: KKCO Email
By: KKCO Email

COLORADO SPRINGS, Colo (KKCO) Early estimates say the fire has caused more than 110 million dollars in property damage. That's according to the Denver Post. But an economics professor at the University of Colorado-Colorado Springs says the economic impact will also cost millions. Hotels, restaurants, and tourist shops are reporting less business. Tourist destinations have also taken a hit after closing during the peak of the fire. The Waldo Canyon Fire nears full containment Sunday night, sitting right at 98%.

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  • by Anonymous on Jul 8, 2012 at 08:04 PM
    These idiots are obviously not familiar with the preferred branch of economics used by our leaders. Keynes economics, is all about spending. Think of all the new homes, businesses, fences, autos, etc....that must be built. That means spending and jobs.
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