Hurricane Costs to the Northeast Region
New Jersey estimates repair and response costs at $312.7 million for Atlantic City, which had to evacuate some of its 40,000 residents and shut seaside casinos.
New York State estimates $6.6 billion in recovery and prevention costs for Nassau County and $1.7 billion for its eastern counterpart, Suffolk County. For Suffolk County alone, not counting its municipalities, the cost is $70 million.
Early estimates of losses for the Metropolitan Transportation Authority total $5 billion. After insurance and standard Federal Emergency Management Agency recoveries, an estimated $950 million of infrastructure damage may need to be covered by the MTA.
Following the storm, the city earmarked $500 million for emergency repairs. More recently, Gov. Cuomo estimated the city could face $15 billion in recovery and prevention costs.
Both New York and New Jersey have estimated that hurricane costs to the bi-state agency will cost close to $1 billion. The authority is continuing efforts to restore PATH train service to Hoboken, where gallons of water flooded the station.
The state is estimating storm-related costs to be $41.9 billion, which includes $9.1 billion in mitigation and prevention costs. Storm costs in Rockland County are estimated at $143 million and in Westchester County, $528 million.
Total cost of damage in the state of New Jersey is $36.9 billion. The assessment includes $29.4 billion in repair, response and restoration costs previously released, plus $7.4 billion in mitigation and prevention costs that have been determined
Regional NewsMuni Pros See Rough Waters Ahead for Puerto Rico
Regional NewsDIA Still Climbing 20 Years After Takeoff
Regional NewsNorth Texas Transportation Funding Takes a Toll
Regional News'Gateway to Grand Canyon' Aims to Take Tourists for a Ride
Regional NewsHome Field Advantage: CSU Builds On-Campus Stadium
Regional NewsSouthwest Finishes ’14 With a Flourish
Regional NewsNew Faces in Texas Public Finance
Regional NewsBordering on Prosperity: Past and Future Converge on Rio Grande