Tropical Depression Sixteen slowly formed off the coast of Nicaragua. It was not till October 14 that it was then called Tropical Depression Sixteen. After hugging the northern coast of Honduras (which did not let it strengthen), Tropical Depression Sixteen made landfall near midday on October 15. It dissipated inland that evening, never becoming a tropical storm. This storm caused up to $150 million in damage (2008 USD), and may have caused at least 75 deaths.