Hurricane Costs to the Northeast Region
November 29, 2012 2:42 PM
Atlantic City
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.
Long Island
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.
Metropolitan Transportation Authority
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.
New York City
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.
Port Authority of New York and New Jersey
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.
New York
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.
New Jersey
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
