N.J. governor: Hurricane Sandy will cost state at least $29.4B
NEW YORK - Superstorm Sandy caused at least $29.4 billion in overall damage in New Jersey, according to a preliminary analysis released by Gov. Chris Christie's office Friday.
The estimate of the damage caused by the storm, which ravaged the Northeast U.S. coastline late last month, includes personal property, business, infrastructure and utility damage, Christie said in a statement.
The statement said the preliminary cost estimate is "inclusive of aid received to date and anticipated from federal sources," including the Federal Emergency Management Agency and the Small Business Administration. Christie said it was a "conservative and responsible estimate" that could be revised higher, Christie said.
Last week, New York Governor Andrew Cuomo said he planned to ask the federal government for $30 billion in disaster aid for the state. Earlier this month, New York City Comptroller John Liu said the storm was costing New York City $200 million a day in lost economic activity, with that amount likely to top out at about $1 billion.
"This preliminary number is based on the best available data, field observations and geographical mapping, and supported by expert advice from my Cabinet commissioners and an outside consulting company," Christie said in the statement Friday.
Christie said the estimate will be refined in the future to include impact on the next tourist seasons, real estate values and population shifts.
The record-breaking "superstorm" blasted through eight Northeastern U.S. states on Oct. 30, killing dozens of people, battering coastal neighborhoods and forcing mass evacuations. The storm shut down the entire New York City subway system for days.
READER COMMENTS: 0
- Snow slows NH rush hour; cancels many evening events - 1
- Manchester extends snow emergency; pedestrian injured when hit by plow - 1
- Seacoast digs out from more than a foot of snow - 0
- Snowfall totals in NH vary from 7 inches to more than a foot. - 0
- Manchester police say no major snow-related problems - 2
- Winter storm brings a foot of snow to most of NH - 0
- Slow down NH, and smell the snowplows - 4
- Keep it simple and be prepared for winter storm driving in NH - 0
- Storm packing heavy snow bears down on U.S. Midwest, Northeast - 0
READER COMMENTS: 0
- Red Sox deal Morales for backup infielder - 0
- It's a season of switching teams for NASCAR drivers - 0
- Central girls down Trinity in OT - 0
- Pistons edge Celtics - 0
- Business is good for football elite - 0
- Negotiator: Israeli-Palestinian talks might take year to complete - 0
- Harvard student charged in bomb hoax released on bail - 0
- Jackknifed propane tanker closes I-293 to traffic for hours in aftermath - 0
- AG eyes whether credibility issue may undermine some Rockingham County convictions - 0
Police say man attacked woman with sword
Snow could reschedule Super Bowl