03/25/2013 08:28 am ET Updated May 25, 2013

Michigan's Coastal Communities Could Lose Millions Because Of Low Lake Levels

Michigan's coastal communities could lose millions of dollars this year, after water levels in Lakes Michigan and Huron hit record lows over the winter.

Whether via slip fees, shipping, commercial fishing, licenses, real estate or tourism, the state's $7-billion boating economy, which includes about 800,000 licensed boats and about 500,000 jobs, is bracing to take hits.

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