Snowpocalypse 2010 will cost New York City at least $20 million

Laura Donovan Contributor
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We’re starting to get a handle on how much the ongoing Snowpocalypse will cost.

First there’s the direct clean-up cost for New York City. A spokesman for the Mayor’s office said the rule of thumb is that every inch of snow costs $1 million, according to Bond Buyer.

That would put this weekend’s 19.8-inch drop around $20 million, which is slightly more than half of the city’s yearly snow budget.

Then you get into secondary costs. How much did stores lose with tourists shut out of the airport, subways down and sidewalks buried? How much did airports and airlines pay to reroute thousands of flights?

Full story: Snowpocalypse costs New York City at least $20 million