So far, the tally of costs from Hurricane Ike at Texas colleges is $847 million and could reach $1 billion, figures that include cleanup, repair, and recovery costs, the Chronicle of Higher Education reports. A large chunk of that figure can be attributed to damages at the University of Texas Medical Branch in Galveston, which suffered an estimated $710 million in damage and lost revenue.
The numbers come from an initial report from the Texas Higher Education Coordinating Board and do not include figures from two-year colleges or campuses in the towns of Beaumont and Port Arthur. Also, campuses were not required to send in their estimates, and many did not, which will likely raise the statewide figure even higher once they do.
Other estimates include: