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.
Wednesday, May 22 2013 12:55 PM EDT2013-05-22 16:55:01 GMT
Jersey shore town is celebrating a milestone as it rebuilds from Superstorm Sandy. Belmar officials will reopen their 1.3-mile boardwalk that was destroyed by the October storm.
Jersey shore town is celebrating a milestone as it rebuilds from Superstorm Sandy. Belmar officials will reopen their 1.3-mile boardwalk that was destroyed by the October storm.
Monday, May 20 2013 7:05 PM EDT2013-05-20 23:05:15 GMT
A private country club opened its golf course to the public for a charity tournament to raise money for Superstorm Sandy relief. The Westlake Golf and Country Club in Jackson hosted the event on May 13,
A private country club opened its golf course to the public for a charity tournament to raise money for Superstorm Sandy relief. The Westlake Golf and Country Club in Jackson hosted the event on May 13,
Friday, May 17 2013 9:12 PM EDT2013-05-18 01:12:56 GMT
A welcome sight in Coney Island: workers cleaning umbrellas, wiping down counters, and putting the finishing touches on a rebuilt Original Nathan's Famous.
A welcome sight in Coney Island: workers cleaning umbrellas, wiping down counters, and putting the finishing touches on a rebuilt Original Nathan's Famous.
Thursday, May 16 2013 6:47 PM EDT2013-05-16 22:47:54 GMT
The MTA and Gov. Andrew Cuomo announced that the A train subway will run its route all the way to the Rockaways starting May 30, seven months after Superstorm Sandy washed away the track support bed.
The MTA and Gov. Andrew Cuomo announced that the A train subway will run its route all the way to the Rockaways starting May 30, seven months after Superstorm Sandy washed away the track support bed.
Thursday, May 16 2013 4:28 PM EDT2013-05-16 20:28:43 GMT
Gov. Chris Christie has announced plans to use $300 million in federal funding to buy out homeowners whose properties have flooded repeatedly, especially during Superstorm Sandy.
Gov. Chris Christie has announced plans to use $300 million in federal funding to buy out homeowners whose properties have flooded repeatedly, especially during Superstorm Sandy.
