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Economic Impact of Low Water Levels on the Great Lakes
Having low water levels on the Great Lakes has a direct
economic impact on both the business and private sector.
The most immediate impact is on businesses that
rely on lake freighters for transport. Freighters have to
haul less or risk scraping the bottom of their hull. This adds
to the cost of freight overall.
In Superior, the Wenonah ferry can no longer
passengers from Grand Portage. Commercial freighters
carry less iron ore, less grain, less coal. It is estimated that
freighters are carrying 8,000 tons less per trip than they
normally would.
This spells trouble for the manufacturing sector. Consider
that this region accounts for 70 percent of our
nation's steel making capacity, 70 percent of auto
production, and 55 percent all heavy manufacturing,
any burden to additional costs has a severe impact on
our nation's economic heartbeat. In other words,
increase the cost of shipping, and you drive up the
overall cost of these goods.
And then there's the dammage to fisheries and native
species dependent on fresh water. If lake levels drop,
this affects inland tributaries as well.
A great deal of tourism in Michigan depends on
the Great Lakes, in both winter and summer.
Every year, thousands of tourists travel throughout
Michigan in order to go swimming, fishing, skiing,
boating, hiking, camping, golfing, mountain biking,
just to name a few activities. Healthy Great Lakes
make Michigan an appealing place for such activities.
Lower lake levels means homeowners with lake
front property are seeing the water receed year after
year from their property. This spells lower property
values.
Click here to read more about the economic benefits
of saving the Great Lakes
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