6. Confusion/Disagreement on TotalEconomic
Impact
AB95-5.PPT
//##
3
• NY City Economic Impact
–
–
–
– “Total Loss $83 billion”
(NYC partnership & Chamber of
Commerce: Nov 2001)
“Total Cost $54 billion” (NY
Governor: Oct 2001)
“WTC Replacement Cost & Cleanup
$25~29 billion” (FEB NY: April 2002)
“Total Cost $83 billion (quoting NYCP-COC) but
$67 billion covered by Insurance
(US GAO: May 2002)
• NY City Jobs Lost
– 108,500, 115,300, 105,200,
125,000, 84,000, 78,200,
129,000….
–
–
• NY State Jobs Lost
– “99,000 in 2001, 78,000 in 2002,
77,000 in 2003”
(NYS Senate Finance Committee: DRI-WEFA:
January 2002)
“Resulted at peak loss of 78,200” (DRI-WEFA:
March 2002)
“50,000 immediately, 70,000 in 4th Quarter”
“Much of this loss is likely linked to WTC attack”
(FEB NY: April 2002)
