The State of the Region: Hampton Roads 2019
In 1821, a Category 3 hurricane made landfall in Hampton Roads, flooding Norfolk before moving on to New York City. What would be the impact of a similar hurricane today on the region's economy? We find that a major hurricane would cause almost $20 billion in property damage, create more than 2 million tons of debris and reduce economic output by over $20 billion in the first year following landfall.
Dragas Center for Economic Analysis and Policy, "Part 6: The Economic Impact of a Hurricane on Hampton Roads" (2019). State of the Region Reports: Hampton Roads. 173.