A new study quantifies the potential economic losses that would result from another algae bloom.
Poor water quality is endangering more than $30 billion in economic assets in Southwest Florida, according to a new study, lending increased urgency to efforts to improve the quality of coastal waters. In a story for Fox 4, Mahmoud Bennett writes,
“The analysis, which was prepared by Greene Economics LLC, indicates that for the coastal economy alone, a detrimental water event, such as the algal bloom situation in 2018, could result in $3 billion in losses for Lee County, $1.7 billion for Collier, and $466 million for Charlotte County.”
The 2018 algae bloom killed off over 4 million pounds of local fish. A similar event could jeopardize tens of thousands of jobs in the region.
Read the full story: STUDY: Poor water quality could cost Southwest Florida billions of dollars
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