Table of Contents

The Economic Costs and Consequences of Terrorism

The Economic Costs and Consequences of Terrorism

Edited by Harry W Richardson, Peter Gordon and James E. Moore II

This landmark book covers a range of issues concerning the consequences of terrorist attacks. Beginning with a discussion of new policies and strategies, it then delves into specific areas of concern, modeling a range of possible scenarios and ways to mitigate or pre-empt damages.

Chapter 7: Balancing Freedom and Security after 9/11: Risk Management at the National Park Service

Larry Parkinson

Subjects: economics and finance, public sector economics, environment, disasters, politics and public policy, terrorism and security

Extract

Larry Parkinson The terrorist attacks of 11 September 2001 forced the US Department of the Interior and the National Park Service to confront a new reality: a number of America’s most cherished landmarks were potentially in the cross-hairs of international terrorists. From the Statue of Liberty to the National Mall to the St Louis Arch and beyond – representing many of the nation’s most powerful symbols of freedom and liberty – there was an immediate need to tighten security. Because these national icon sites were designed to attract millions of visitors in an open, welcoming environment, finding an appropriate balance between freedom and security has been an enormous challenge. This challenge is exacerbated by fiscal realities. Because of federal budget constraints, increases in security generally require trade-offs in other programs. Consequently, before investing in new security measures, the Department of the Interior and the Park Service have engaged in a detailed risk assessment process, involving a series of critical questions, including the following. How real is the risk of a terrorist attack on a national icon? What are the likely consequences of a successful attack? What kinds of attacks are most likely, and which security precautions would be most effective in deterring and mitigating the threat? If we invest in enhanced security measures, is there a quantifiable level of risk reduction to be achieved? This chapter sets forth the current public policy framework for national icon protection and the analytical framework for conducting risk assessments at key sites. It...

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