How much did the marathon bombing ordeal cost MA?

BOSTON (WWLP) — The Boston Marathon bombings closed down businesses, and the subsequent manhunt for the suspects shut down the entire city; how much did the ordeal cost Massachusetts?

According to a financial forecasting group, it cost up to $333 million to shut down Boston for a day to catch the marathon bombing suspects.

IHS Global Insight says the greater Boston area has a daily GDP of roughly $1 billion. Since most businesses were delayed rather than lost, they estimate the economic activity that couldn't be deferred was anywhere between $250 and $333 million a day.

State lawmakers also passed $6.5 million to increase security and police forces.

According to Sen. Stephen Brewer, (D) Barre, “We fund the Massachusetts state police and many other public safety accounts and local aid for the Boston Police Department and we will take and do whatever is necessary to keep the confidence and the safety of the American people and Massachusetts citizens at the forefront of all of our discussions and our thoughts.”

Beacon Hill legislators passed legislation that would pay $1.5 million for National Guard costs.

It also created a $5 million reserve fund that could be used for unanticipated emergency response expenses.

Copyright 2014 WWLP TV. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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