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Raines has studied the latest numbers out of Davidson County. Both privately and publicly owned facilities will cost millions to repair.
“Those are property losses and most of those property losses are going to be recoverable through insurance and federal assistance,” said Raines.
The price tag for cleanup and restoration at the publicly owned LP Field is $2.4 million. At the privately owned Schermerhorn Symphony Center a permit for $15 million was pulled for repair work. The Country Music Hall of Fame and Museum suffered $300,000 in damage. It will take $3.1 million to get Bridgestone Arena back to the building it was before the flood.
All the repair work needed will create hundreds of new jobs.
“Skilled workers and those that can help with any of those trades are going to find themselves in short supply,” said Raines.
The issue comes down to that there is a lot of work to be done. On the down side are the monies brought in by Nashville’s tourism which is big business which will be lost during the rebuilding process.