'Freedom Convoy' cost downtown Ottawa millions per day, experts estimate

[Spazito]

Estimates range from $44 million to $200 million in sales, wage losses

Experts estimate businesses in Ottawa's downtown core lost millions each day in sales and wages during the so-called Freedom Convoy protest, which caused nearly a month of partial and complete closures of businesses.

Retail analysts say total economic damages may range from about $44 million up to $200 million for the 23 days trucks and protesters occupied Centretown streets — from about Jan. 29 until Feb. 20 when police finally moved in to remove them.

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Nabatian, a decades-long retail analyst who's conducted several studies and collected years of sales data from downtown businesses, estimates businesses collectively lost about $900,000 per day, while Rideau Centre shops lost about $2.3 million a day — altogether around a $73 million loss of revenue in the 23 days.

He calls these conservative estimates focused on sales losses, and don't include other costs like rent, insurance, taxes and employee wage support.

more

https://www.cbc.ca/news/canada/ottawa/economic-impact-freedom-convoy-downtown-ottawa-1.6376248

[SheltieLover]

1. Make offenders pay it.

[Spazito]

2. There is a class action suit ongoing...

so, hopefully, they will win and recover some of their losses.

[SheltieLover]

3. Dunno about anybody else here, but I'm sick of

People causing clusterfucks & taxpayers footing the bill!

[Spazito]

4. I am totally with you there...

I am all for legal protests, have participated in many, but what happened in Ottawa and elsewhere were illegal acts and there should have been penalties such as big fines and, for some, jail time as well.

[Crunchy Frog]

5. If they haven't got the assets, make them sell their organs.