BSU: $126M in flood damage

Flooding over the weekend caused an estimated $126 million in damage across central Indiana, according to a study by The Bureau of Business Research at Ball State University. The estimate included damage to structures and contents of homes and business, and $45 million in damage to public buildings, roads, bridges and water and sewer systems. The study was authored by Ball State economist Michael Hicks and Mark Burton, from the University of Tennessee. The two published an analysis of Hurricane Katrina’s economic impact in September 2005.