Protecting Trump and family costs New York City $1M daily, report says

Protecting President-elect Donald Trump and his family costs the city of New York more than $1 million each day, according to a report from CNNMoney.

Three city officials, who were not identified, confirmed the cost to the TV news network.

"The No. 1 imperative here is safety and security. We owe that to the president-elect, his family and his team," said New York Mayor Bill de Blasio at a news conference Friday. "This is a very substantial undertaking. It will take substantial resources."

The price to protect the president-elect and his family is unlikely to wane in the foreseeable future, despite Trump's plans to move into the White House. Trump's wife, Melania, and the couple's 10-year-old son, Barron, are expected to stay at the family's home in Manhattan's Trump Tower through at least the end of the school year.

The costs are exacerbated by the fact that Trump and his family live in the densest neighborhood in America's biggest city, CNNMoney reported, and the fact that the protections in place extend to include Trump's adult children.

"The biggest challenge is trying to blend the two things that we have to make work as a police department: one is securing the president of the United States when he's in New York, or right now, the president-elect. And the other is, doing it on what could be a very regular basis, at what we consider practically the center of the earth, which is 57th Street and Fifth Avenue," John Miller, NYPD's deputy commissioner of intelligence and counterterrorism told CBS News on Monday.

To protect Trump and his family, police have set up security posts around Trump Tower, along with barriers to control vehicle traffic. Officers have set up observation posts on nearby rooftops and police are providing support for Secret Service agents who are screening visitors.