Colorado Springs Wildfire Expected To Create Jobs

By: AP
By: AP
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Economists say a wildfire that burned 346 homes and scorched 28 square miles in the Colorado Springs area could provide an economic boost over the next five years.

Insurance claims for the contents and homes damaged in the Waldo Canyon Fire this past summer have reached $350 million and still rising.

Economist Tom Zwirlein tells the Denver Post ( the cost of rebuilding could create more than 750 new jobs over the next five years.

Refurbishing new homes and businesses could create more than 320 jobs and boost tax revenues.

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