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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