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Jul 4, 2012 5:18 AM by Kate Richards

Damage to homes from Waldo Canyon Fire could be more than $110 Million

DENVER (AP) - A newspaper's analysis indicates that Colorado's most destructive wildfire burned homes worth a total of more than $110 million in one of the neighborhoods affected by the blaze.

The Denver Post reports the actual losses are expected to run much higher as residents of the Mountain Shadows neighborhood in Colorado Springs calculate the loss of their possessions and the price of replacing the homes. The newspaper reports El Paso County assessor records identified the combined market values of 341 of the destroyed homes at $110.2 million.

Almost 350 homes were destroyed in the blaze, but assessor's records don't match a handful of the addresses that have been identified by the city as total losses. Data provided by the city indicate 50 other homes were visibly damaged.

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