It could cost well over $1 billion to return Nashville to its pre-flood conditions, according to Mayor Karl Dean.
The Music City’s top official laid out the estimate in an interview with the Tennessean newspaper today. The city has been reeling after the Cumberland River rose nearly 12 feet above flood stage earlier this week.
“I think it’s safe to say that the damage we’re looking at will easily exceed $1 billion,” the mayor said.
That estimate was the first time a public official has put any dollar figure on the damage, the newspaper reported.
Read more here: http://www.tennessean.com/article/20100505/NEWS01/100505012