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Economists Put Price Tag On Storm Cost

PHILADELPHIA (CBS) -- Economists are putting a price tag on the storm.

Some analysts say the snow that crippled parts of the Northeast could cost anywhere between 500 million to three billion dollars, it's still too early to tell.

Damage reports include burst pipes, collapsed roofs, power outages, flood damage and lost revenue from restaurants and transportation.

Experts say the economic impact would have been far worse if the storm occurred during the work week.

 

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