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Michael Patrick Shiels
9 AM - NOON
WSJM-FM 94.9


Posted: Tuesday, 27 May 2014 11:40AM

Downtown South Bend Inc: Power Outage Had $3 Million Negative Economic Impact



The power outage that blacked out downtown South Bend for several days this month had a pretty steep economic impact. Downtown South Bend, Incorporated estimates the negative impact was at least $3 million. Businesses and organizations spent over $125,000 to get generators in place and temporarily restore power. The $3 million estimate comes from lost sales, decreased and lost productivity, damages to equipment, unrecognized revenue and lost inventory according to DTSB. Officials believe had businesses not worked together and received donated power equipment and labor to turn some things back on during the outage, the negative economic impact would have been double.

   

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