Santa Barbara- S County

Firm studies economic impact of Montecito mudslides

Local firm studies economic impact of Montecito mudslides

Santa Barbara, Calif. - Robert D. Niehaus Inc., voluntarily did a study of the economic impact of the Montecito mudslides.

The Santa Barbara firm known for economic impact studies gathered information form the Santa Barbara County after the slides and freeway closure.

Senior economist Jeff Vitucci said property damage is in the $200 million dollar range.

The economic impact estimiate is about the same.

The initial assessments could be a starting point to rebuild.

The clean up costs were not factored into the research.

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