• Mon. May 20th, 2024

The Economic Cost of Poor Water Quality: Insights from a Recent Study

BySamantha Nguyen

Mar 27, 2024
Economic Effects of Water Quality to be Debated on April 6 | Local News, Sports, Employment

The League of Women Voters of Lee County is hosting an informative discussion titled “The Impacts of Water Quality on the Economy” and invites both the public and League members to attend. The event will take place on Saturday, April 6 from 9 to 11 a.m. at The Collaboratory on 2031 Jackson St. in Fort Myers. The program will start at 9:30 a.m. and attendees can participate either in person or via Zoom. Registration can be done through Eventbrite, via email at lwvlee@lwvlee.org, or by calling 239-278-1032.

Matt DePaolis, the environmental policy director at the Sanibel-Captiva Conservation Foundation (SCCF), will be presenting the economic impact findings from the recent study on “Impacts of Water Quality on the Southwest Florida Economy,” along with recommendations for policy advocacy and community engagement. This study was conducted by Greene Economics and commissioned by Captains for Clean Water, the Conservancy of Southwest Florida, and SCCF to understand how water quality affects local businesses and residents’ wellbeing.

One of the key points of discussion will be the devastating economic consequences of Harmful Algae Blooms (HABs). In Lee County alone, estimated losses from a single HAB amount to $195 million in recreational and commercial fishing revenues and expenditures. The potential loss of jobs in a year is estimated at 24,808, with an overall loss in output valued at $3 billion. Property values are estimated to decrease by $3.8 billion, resulting in $21.4 million in lost property tax revenue. Additionally, the loss in quality of life due to non-market recreation is valued at $5

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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