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

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.

Original Video

Everything You Need To Know About Marijuana

Jesus has risen, but how high did he get? While Easter and 4/20 falling on the same day is most definitely a weird coincidence, it will also highlight a pretty important public opinion on what’s more important: weed or candy eggs? Sto...

More In World

World Connor Toole

Ukranian Man Offers $10k Each For Capture Of Russian Invaders

A Ukrainian politician has put a bounty on the head of Russian mercenaries in an attempt to stymie the neighboring country’s hostile actions in the region. According to The Trumpet, Borys Filatov, the lieutenant governor of Dnipropetrovsk, posted a message to Facebook earlier this week in which he provided a number of incentives for anyone […]

World Sean Levinson

The Flyer About Jews Needing To Register In East Ukraine Is Thankfully Fake

Western intervention in Ukraine seemed like a distinct possibility yesterday when it was reported that the Jewish community in the eastern city of Donetsk, currently occupied by pro-Russian militants, was given leaflets saying that they would be deported if they did not register with what is calling itself the city’s temporary government. But according to […]

World Sean Levinson

The Underwater Search For MH370 Could Cost A Quarter Billion Dollars

An underwater vehicle made by a private American company is currently searching for missing Malaysia Airlines Flight 370. It has come up with nothing after four missions covering nearly 50 square miles of sea. If the US continues employing private companies to search for the plane, it could cost a quarter of a billion dollars. […]

Also On Elite

Music News

Is Nick Cannon Wearing White Face Racist Or Just Plain Stupid?

Nick Cannon is the saddest of clowns. He tries to make jokes, but he isn’t funny. He tries to act, but he can’t act. And his music… let’s just say his best songs were with the marching band in “Drumline.” Now, Nick Cannon is coming out with a new record, entitled White People Party Music. […]

Women

5 Reasons Why Olivia Wilde Should Be Every Gen-Y Girl’s Role Model

Olivia Wilde is not only drop-dead gorgeous, but she’s also one cool chick — not to mention, a great Gen-Y role model. Seriously, I just can’t get enough of the actress. From her thoughts on women in acting to her incredible sense of style, she has become my ultimate girl crush. Here are 5 reasons […]

Technology

A World Distracted: See What Life Will Be Like When Google Glass Is Everywhere

If you haven’t seen Google Glass users in person, you probably haven’t seen how enthralled they can be with their computer-powered glasses. This hilarious video entitled “Close Call” perfectly encompasses everything that can happen in a world full of people using Google Glass, and the destruction a single user can cause. Sure, it can be […]