Report: Hurricane Sandy Cost New York, New Jersey $71 Billion In Damages

Report: Hurricane Sandy Cost New York, New Jersey $71 Billion In Damages
World
Like Us On Facebook
Like Us On Facebook

We all knew Hurricane Sandy was going to cause a ton of damage, but nobody thought it would amount to the $71.3 billion it cost the states of New York and New Jersey.

Between the actual devastation and preventative measures being taken to stop similar damage from future storms, the two states have to dish out over $70 billion in an attempt to return to normalcy.

The total is not finalized either, as new costs can arise over time.

New York Governor Andrew Cuomo said on Monday the state will need $41.9 billion, including $32.8 billion to repair and restore damaged housing, parks and infrastructure and to cover lost revenue and other expenses.

The figure also includes $9.1 billion to mitigate potential damage from future severe weather events, Cuomo said.

New York’s western neighbor, New Jersey, saw massive damage to its transit system and coastline, suffered at least $29.4 billion in overall losses, according to a preliminary analysis released by Governor Chris Christie‘s office Friday.

The preliminary cost estimate includes federal aid New Jersey has received so far.

While it wasn’t as large of a storm, Sandy, in many ways, was more destructive than the massive Hurricane Katrina, which ravished New Orleans and the Gulf Coast in 2005.

Sandy destroyed 305,000 houses in New York state, a provisional number that’s likely to grow, compared to the 214,700 homes destroyed in Louisiana by Katrina and sister storm Rita.

Sandy also caused nearly 2.2 million power outages at its peak in the state, compared to 800,000 from Katrina and Rita in Louisiana, and impacted 265,300 businesses compared to 18,700, Cuomo said.

The human death toll of Katrina was much larger, killing at least 1,800, while Sandy has been responsible for over 121 deaths as of now.

“Hurricane Katrina got a lot of notoriety for the way government handled — or mishandled, depending on your point of view — the situation,” Cuomo said at a press conference.

But considering the dense population of the area Sandy impacted and costs to the economy, housing, and businesses, the damage done “was much larger in Hurricane Sandy than in Hurricane Katrina, and that puts this entire conversation, I believe, in focus,” Cuomo said.

A return to normalcy is still a long way away for the Tri-State area.

Jordan Shepherd | Elite.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Julian Sonny

From the sandy beaches of Hawaii, to the streets of New York: Julian has seen it all. His lifetime of travels has given him a broad scope of knowledge and an eclectic taste unlike any other in the tri-state area. Julian has often been compared to cultural icon, The Rock, because of his unequivocal work ethic and warrior-like stature.

More In World

World Adam Pliskin

Dallas Man’s Ebola-Themed Halloween Decorations Are Actually Scary

Is there anything scarier right now than Ebola? Probably not, which is why it makes for a particularly frightening source of inspiration for Halloween decorations. At least, that’s the thinking behind James Faulk’s decision to decorate his house like an Ebola quarantine zone. Faulk lives in the University Park neighborhood of Dallas, which has been […]

World Emily Arata

Old Man Eats At In-N-Out With Heartwarming Photo Of His Late Wife

True love never dies, even if you’re just stepping out for lunch. Twitter user Madi Bash tweeted from her local burger chain, In-N-Out, and posted a picture of an old man sitting alone in a booth. A framed photograph of the man and his wife rests on the table. It’s a sweet, nostalgic moment — everyone […]

World Sean Levinson

Nurse Who Contracted Ebola In Dallas Is Cured And Cleared To Go Home

The first Texas nurse to contract Ebola from the late Thomas Duncan is cured and ready to go home. NBC News reports 26-year-old Nina Pham, whose condition was upgraded to good earlier this week, will soon be leaving her containment unit at the National Institutes of Health hospital outside Washington, DC. Pham was diagnosed on […]

Also On Elite

Sports

Mo’ne Davis Is A True Role Model For Women In Tearjerking Commercial

Mo’ne Davis is the 13-year-old girl who absolutely crushed it in this summer’s Little League World Series. She was the first female pitcher to win a game in the history of the competition. What’s more, she totally smoked the boys with her 70 mph fastball. Now, Davis has her very own commercial for Chevrolet. The […]

Wellness

3 Ways Meditation Will Get You Through Your Quarter-Life Crisis

Our 20s are a hard time in our lives. It’s when we experience the well-known quarter-life crisis, and we doubt everything. We have vague ideas about what we really want in life, and we struggle with different fears that relate to our careers and personal interests. This phase of constant self-discovery can hurt — a […]

Envision

Guy Spends Two Years Covering His Entire House With Seashells (Photos)

While some people leave their Christmas decorations up year-round, Xiao Yongsheng leaves seashells on his house all year. Yongsheng, who lives on Lingshan Island in China, decided to cover his entire house in seashells after he realized he had access to an unlimited amount of beautiful building materials. This tactic definitely beats spending a ridiculous amount […]