Large Scale Pilgrim Disaster could cost Cape Cod $91 Billion +

“In the case of a large-scale disaster, Cape Cod is estimated to lose $2.2 to $12.1 billion in tourist expenditures and $45 to $71 billion in output over 10 years. This would cause a 1-1.5% average contraction in Massachusetts GDP, possibly resulting in a recession. In addition, Massachusetts could lose $5-8 billion in tax revenues, in addition to indirect effects which could be even greater than direct effects.”

– from the Executive Summary of a study undertaken to promote discussion and encourage public participation in this topic, An Analysis of the Impact of a Disaster at the Pilgrim Nuclear Power Plant on the Economy of Cape Cod Report prepared by Osman Keshawarz, UMASS Amherst (February 2014) prepared for the Advisory Commission of the Cape Cod National Seashore, and accepted by the Commission at its February 3, 2014 meeting.

image with Seashore overlay shared under the Creative Commons Attribution-Share Alike license by EricM

– image with Seashore overlay shared under the Creative Commons Attribution-Share Alike license by EricM

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