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<br />Most businesses in the dcwntown area re,ported 3 to 4 feet of <br />water in their establishment!:, 'rhe flood occurred during the <br />time of the year that most of the affected businesses depend upon <br />tourism to generate a majol: portion of their gross yearly <br />income. The Forward Estes Park Foundation, a consortium of local <br />businessmen, estimates that the town receives 47 percent of its <br />annual income between July 15 and September 1, <br /> <br />Fifteen days after the declaration, tot.al dollar losses were <br />estimated by Federal and State recovery official.s to be approxi- <br />mately $30.7 million. A breakdown of these damage estimates <br />follows: <br /> <br />Homes and Businesses <br />(including economic losses) <br /> <br />$19,000,000 <br /> <br />Agricultural <br /> <br />2,550,000 <br /> <br />Public (Federal, State and local) <br /> <br />4,130,000 <br /> <br />Rocky Mountain National Park <br /> <br />-2., 000, OO~ <br />$30,680,000 <br /> <br />This estimate was almost $10 million higher than the $21 <br />mill ion est imate of three wee:<s ear 1 ier wh i.ch was the bas is for <br />President Reagan to declare the area eligible for Federal dis- <br />aster relief, Subsequently, the damage est imates have escalated <br />to $4.6 million for the Town of Estes Park allone. <br /> <br />'-17-' <br />