Property damage from Gustav could total $8 billion, just 25 percent of Sunday's estimate, according to a federally supported computer projection issued Monday morning. Sunday's estimate of $32.8 billion in property damage was based on winds of 126 mph.
The projection now says about 78,036 buildings will be moderately damaged and 13,286 buildings destroyed. It estimates Gustav will leave behind 13 million tons of debris, less than half of Sunday's projection.
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