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 Matula

Philadelphia Lawyer And Lobbyist Allegedly Raped Woman He Called In For A Job Interview

A Pennsylvania lawyer allegedly sexually assaulted a woman during a job interview. Andrew J. Marsico, 40, from South Penn Square, PA, was arrested and charged on Saturday with sexually assaulting an unidentified 27-year-old woman on August 21. Marsico, who recently married 6ABC reporter Annie McCormick, has been put on leave by Greenlee Partners, a Harrisonburg lobbying firm […]

Also On Elite

World

Science Proves Pop Songs Are Terrible And Basically All The Same

If you can’t tell the difference between any of Taylor Swift’s hits, and you think every Pitbull club banger sounds the same, it’s not just your brain playing tricks. Researchers in Barcelona examined almost half a million songs and discovered that music has actually grown less diverse since the early 1950s. As tunes get louder, […]

Entertainment

Miley Cyrus Thinks Google And Instagram Are More Harmful Than Drugs

Miley Cyrus likes doing drugs from time to time — no surprise there. She smoked salvia in videos and posted photos of herself smoking weed on Instagram. Some people might have an issue with that, given her former Disney stardom, but, as we’re all well aware, she’s done everything in her power to shed that […]