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 Gillian Fuller

‘Anne Of Green Gables’ Wedding Is Every Book Lover’s Dream Come True (Photos)

Every bride-to-be has her own idea of what constitutes the perfect wedding ceremony: Some prefer simple, easy, Town Hall transactions, while others dream of over-the-top, theatrical weddings (like this “Little Mermaid”-themed one). If mermaids aren’t your cup of tea, though, there are other options. Perhaps you’d like photographer Jessica Zais’ wedding shoot inspired by L.M. […]

World Emily Arata

Apple CEO Tim Cook Publicly Comes Out, Speaks Up For LGBT Support

In a Bloomberg Businessweek editorial published earlier today, Apple CEO Tim Cook revealed he is gay. Cook, 53, writes that he’s never hidden his sexual orientation at Apple, a workplace dedicated to accepting thinkers without regard to sexual orientation or race. Even though Cook values his privacy, he believes the world should know being gay doesn’t […]

World Emily Arata

Porn Star Breaks Both Legs After Jumping Out Window To Escape Rapists

When porn star Lola Taylor visited an apartment in the Yasenevo District of Moscow to discuss a potential film idea, she never expected to fight for her life. Taylor, née Lyubov Bushuyeva, was allegedly lured to the flat on October 25 by two Belarussians, Dmitry Kosenkov, 30, and Maxim Pilipenko, 33, who claimed they wanted […]

World Emily Arata

Here’s What The Average Man’s Body Looks Like Around The World

The average American male is becoming shorter and fatter every day. As part of digital artist Nickolay Lamm’s 2013 Body Measurement Project, Lamm compared the average body mass indices (BMI) of men in the US, Japan, the Netherlands and France. Using measurements normally related to each BMI, Lamm created a mockup average man for each country. The […]

Also On Elite

World

Apple CEO Tim Cook Publicly Comes Out, Speaks Up For LGBT Support

In a Bloomberg Businessweek editorial published earlier today, Apple CEO Tim Cook revealed he is gay. Cook, 53, writes that he’s never hidden his sexual orientation at Apple, a workplace dedicated to accepting thinkers without regard to sexual orientation or race. Even though Cook values his privacy, he believes the world should know being gay doesn’t […]

Women

Lena Dunham Opens Up About Being A Rape Victim And Survivor

Lena Dunham is often called out for the frequency and graphic nature of sex on her HBO television show “Girls.” But in Dunham’s new memoir, “Not That Kind of Girl,” the actress, writer and producer opens up to her fans in a new way. Dunham reveals that she was raped while attending Oberlin College. In […]

Humor

Terrible Friends Throw Passed Out Roommate Off Balcony To Wake Him Up (Video)

There’s something about Australia that makes it seem like its citizens are enjoying life so much more than everyone else, and I consider myself a fan of most of the antics that come out of everybody’s favorite former penal colony. With that being said, I tend to get the impression that Australians have trouble knowing […]

Women

12 Times It’s Perfectly Okay To Cave Into Your Carb Cravings

As females, we try our hardest to avoid carbs at all costs, but there are some circumstances that make these delicacies unavoidable. Being drunk is probably the number one time we don’t give a sh*t about what we’re eating and, as a result, we consume our entire body weight in whatever food we can get […]