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Nashville Flooding Damage: $1 Billion

Downtown businesses are reflected in flood waters from the Cumberland River, Wednesday, May 5, 2010, i i

Downtown Nashville on Wednesday. (M. Spencer Green/AP) hide caption

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Downtown businesses are reflected in flood waters from the Cumberland River, Wednesday, May 5, 2010,

Downtown Nashville on Wednesday. (M. Spencer Green/AP)

This headline from today's editions of The Tennessean is eye-popping:

"Nashville Flood Damage May Top $1 Billion."

As the story says, that estimate comes from city Mayor Karl Dean and:

"Didn't take into account damage from places elsewhere in the region, which could add hundreds of millions, if not billions, to the total. Nor did it account for lost revenue from businesses soaked by the floodwaters or forfeited wages for workers who haven't been able to return to their jobs."

Nashville Public Radio adds that Dean concedes he can't yet estimate how many jobs may have been lost because of the damage done to the city's businesses.

There is some good news for folks in Nashville and the surrounding region that's been literally under water: There's no rain in the forecast until Monday.

Update at 9:45 a.m. ET. Blake Farmer of Nashville Public Radio filed this report about the devastating floods, which have left about 20 people dead in Tennessee alone. As you'll hear, he was out with residents as they surveyed the damage and as Tennessee National Guard helicopters shuttled back-and-forth overhead, bringing much-needed bottled water and food:

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