Study calculates the costs of not stopping land loss
NEW ORLEANS- A new state study places a price tag on the costs Louisiana could suffer if land loss continues at the pace predicted by scientists - and it's in the billions of dollars.
The Coastal Protection and Restoration Authority commissioned the study on the economic effects of land loss in Louisiana. The agency released the report on Wednesday.
The study found that if a Hurricane Katrina-like storm hits again in the next half century coastal land loss could cost Louisiana more than $133 billion in economic damage, according to NOLA.com/The Times-Picayune (http://bit.ly/1O978pz ).
The study estimated that "direct land loss" could put between 8,800 and 12,200 jobs at risk and cost businesses $5.8 billion over 25 years under an optimistic scenario.