The Christie Administration announced that it has completed a preliminary cost analysis of widespread damage caused by Hurricane Sandy to personal property, businesses, transportation and utilities infrastructure, as well as New Jersey's $38 billion tourism industry.
The administration says the total cost is approximately $29.4 billion and the estimate will be further refined in the days and weeks ahead.
"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," said Governor Christie. "In a short period of time, we put together a comprehensive and responsible estimate, which may increase in the weeks ahead, and I stand ready to work with our Congressional delegation and the Obama Administration to get the funding support New Jersey expects and deserves in the aftermath of this catastrophe.
"We will continue to provide immediate relief for our citizens who were struck hard by Sandy," the Governor continued. "But be assured, I will spare no effort and waste no time to rebuild and restore our tourism industry, our transportation and utilities infrastructure and the lives of our citizens for the long term."
The preliminary cost estimate is inclusive of aid received to date and anticipated from federal sources including FEMA and the Small Business Administration. The estimate will likely be refined further to consider and include the long-term impact on the next tourism season, shifts in population, impact on real estate values and other factors.
Monday, June 17 2013 2:56 PM EDT2013-06-17 18:56:27 GMT
The New Jersey Department of Environmental Protection and a shore community will receive more than $53 million in federal reimbursement for the cost of removing debris from waterways after Superstorm Sandy.
The New Jersey Department of Environmental Protection and a shore community will receive more than $53 million in federal reimbursement for the cost of removing debris from waterways after Superstorm Sandy.
Friday, June 14 2013 8:38 PM EDT2013-06-15 00:38:50 GMT
Superstorm Sandy victims in New Jersey who are weighing whether to rebuild or relocate will soon get more information that should help them decide what to do.
Superstorm Sandy victims in New Jersey who are weighing whether to rebuild or relocate will soon get more information that should help them decide what to do.
Wednesday, June 12 2013 8:19 AM EDT2013-06-12 12:19:16 GMT
Mayor Michael Bloomberg is proposing removable flood walls for much of lower Manhattan as part of a nearly $20 billion plan to protect New York City from storms and global warming.
Mayor Michael Bloomberg is proposing removable flood walls for much of lower Manhattan as part of a nearly $20 billion plan to protect New York City from storms and global warming.
Friday, May 3 2013 6:35 PM EDT2013-05-03 22:35:57 GMT
In the six months since Superstorm Sandy the ASPCA has been patching up Cairo, a pit bull terrier mix, but he is still looking for a home. He was about five months old when he was found abandoned in Brooklyn
In the six months since Superstorm Sandy the ASPCA has been patching up Cairo, a pit bull terrier mix, but he is still looking for a home. He was about five months old when he was found abandoned in Brooklyn
Tuesday, April 30 2013 10:03 PM EDT2013-05-01 02:03:55 GMT
Ever since Superstorm Sandy devastated parts of the Jersey shore last October, officials have planned for a new system of protective sand dunes along the entirety of the 127-mile coast.
Ever since Superstorm Sandy devastated parts of the Jersey shore last October, officials have planned for a new system of protective sand dunes along the entirety of the 127-mile coast.
