Updated (Photo) – Commercial Observer

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The Los Angeles area suffered an estimated $50 billion or more in damage from multiple fires that began spreading in densely populated areas on Tuesday.

By noon Pacific time, fires were burning in Los Angeles County alone in Pacific Palisades and Malibu, Altadena and Pasadena, the Sylmar area of ​​the San Fernando Valley, the Hollywood Hills and Studio City, and east of Santa Clarita.

See also: Los Angeles fire destroys commercial facilities and homes due to delayed response: Update

The fire killed at least six people, destroyed more than 9,300 structures, forced the evacuation of more than 180,000 people, and burned about 35,500 acres, more than twice the size of Manhattan. Collectively, the fires quickly became the worst disaster in California history and one of the costliest in U.S. history.

weather forecast service accuweather Economic losses are estimated at $52 billion to $57 billion, which does not take into account the possibility that the fires will continue to spread. JP Morgan Thursday also estimated damages at about $50 billion. The 153,300-acre Camp Fire in Northern California five years ago was the deadliest in the state’s history, killing 85 people and causing nearly $30 billion in losses.

NBC reported the first death from the Palisades fire on Thursday afternoon, shortly before authorities said more than 5,300 homes, businesses and other buildings were damaged or destroyed in the Pacific Palisades fire alone. .

The list of notable restaurants partially or completely destroyed in the Palisades fire alone includes: Popular designer clothing store ellis walker Pacific Palisades and nearby businesses. moon shadowthe famous Malibu restaurant on the beach along Pacific Coast Highway, has been open since the 1960s. gladstones; reel in; Rosenthal Wine Bar & Patio;and Cafe Vida and Casa Nostra in rick caruso‘s Palisades Village shopping center. Schools and places of worship were also destroyed.

The fire also destroyed Will Rogers’ ranch home and a motel once owned by William Randolph Hearst. Large homes on Carbon Beach, known as Malibu’s Billionaire Beach, were also destroyed.

The Eaton Fire killed at least five people and destroyed more than 1,000 homes, as well as many popular restaurants and businesses in Altadena and Pasadena. The list of facilities damaged or destroyed by this fire includes: side pieknown as one of the best pizzerias in LA. fox’s; cafe de leche; and family-owned venice pizzaopened about 70 years ago. Additionally, the Eaton Fire destroyed dozens of mobile homes, a grocery store, a service business, Altadena Baptist Church, Altadena Community Church, St. Mark’s Episcopal Church, and the Pasadena Jewish Temple and Center. As of Thursday afternoon, the fire had reached mount wilson observatory In the Angeles National Forest.

University of California Los Angeles This week’s face-to-face classes have ended. of LA Unified School District All schools were closed on Thursday and Friday. All public schools in Pasadena and Glendale will be closed Friday. Some professional sporting events have also been canceled. LA Kings Wednesday’s game and lakers Thursday’s game.

This is a developing story. Updated at 3:15pm, 3:29pm, 3:45pm, 5pm Pacific Time.

Gregory Kornfield can be contacted at: [email protected].

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