Protests over the killing of George Floyd come as the coronavirus lockdown begins to ease in New York City.
Looting damage adds up to more than $400 million in the 20 largest metropolitan areas in the U.S., according to an estimate from the Anderson Economic Group released Friday.
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"The looting is unfortunate,” Brian Peterson, Anderson's director of public policy and economic analysis, said in a statement. “Many states were on the verge of reopening after a two-month-plus COVID-19 closure, and now some of these businesses will not be able to reopen.”
LOOTING OF NYC LUXURY STORES PART OF 'ORGANIZED' EFFORT: POLICE
The analysis covers the period between May 29 and June 3 and includes property damage, lost inventory, cleanup and reconstruction costs, and closure-related lost wages. Anderson's estimates don't include costs to state or local governments that experienced damage or smaller metropolitan areas.
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