Posted on 05/13/2015 1:20:49 PM PDT by Oldeconomybuyer
Damage is estimated at $9 million for the destruction of hundreds of businesses and two homes during the recent unrest in Baltimore — with at least 30 sustaining major damage, according to information released Wednesday.
The Small Business Administration estimated the damaged at about $8.9 million to 284 business and $60,000 to two houses, officials told The Baltimore Sun.
U.S. Sen. Barbara A. Mikulski, along with other Maryland Democrats, called for Small Business Administration to assist with the creation of disaster centers in the city and a plan to inform business owners who are eligible for benefits about how to apply for assistance.
Many of the damaged businesses have limited or no insurance coverage, according to the BDC. Some of the most severely damaged businesses remain closed, and their owners have no source of income.
(Excerpt) Read more at baltimoresun.com ...
She sure is a special kind of stupid.
And they all received about $5 damage each so it wasn’t so bad really.
It’s nothing, they’ll get it from 0bama’s stash.
That number sounds really light to me. Heck, the inventory loss from that CVS store alone could be a substantial part of it.
Bless her heart!
Sue the city and her for giving them space to riot.
“That number sounds really light to me.”
Me too. I thought the one unfinished senior center was 8 million?
What an outrage!
Obviously these people lived in an underserved, disenfranchised area if there was only $9 million worth of property available to destroy!
That’s a lot of “Loosies”, Old English 40’s, and Nikes....
Federally-funded disaster centers? Isn’t that what Baltimore is right now?
Nothing was left in the looted stores except sun block and father’s day cards...
Purposefully lowballing would be my guess...”see, it wasn’t as bad as you meanie republicans said”
I agree, it seems like a bogus number. If the public ever found out the real amount ...
Well they just might care that a bunch of thugs went on an uncontrolled rampage.
Why would they stock those in that neighborhood anyway?
Hopeless city, hopeless state.
Isn’t it true that most insurance policies have an exclusion for insurrection/rioting/civil disturbances??? Meaning if true, many of these businesses will not have insurance coverage.
And, even if they do have insurance, or get disaster aid to rebuild, will they be able to get insurance in the future? Or will premiums be so high as to be prohibitive??? There are many angles to consider in all of this.
I wouldn’t have thought the whole town was worth 9Big.....
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