Early Estimate Of Baltimore Riot Damage: $9 Million
BALTIMORE (AP) -- The government's first estimate of damage from rioting last month in Baltimore puts the cost at $9 million.
U.S. Sen. Barbara Mikulski's office said Tuesday the preliminary estimate comes from a Small Business Administration survey of 284 businesses and two homes damaged during riots following the death of Freddie Gray.
Mikulski's office says the agency found that 30 businesses and one home sustained major damage. Another 254 businesses and one home sustained minor damage.
The figures could change as officials gather more information. The survey was part of a process that led the Small Business Administration to declare a disaster and make low-interest loans available.
The Baltimore Development Corp. is gathering damage information separately from the government. The corporation says it has received damage reports from more than 350 businesses.
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