Storm costs for NJ much higher than predicted, report says - New York News

Superstorm Sandy

Storm costs for NJ much higher than predicted, report says

Posted: Updated:
Much of the boardwalk and theme rides were destroyed in Seaside Heights, N.J. Much of the boardwalk and theme rides were destroyed in Seaside Heights, N.J.
MYFOXNY.COM -

Superstorm Sandy has taken a much larger financial toll on New Jersey's residents, businesses, and municipalities that previously estimated, according to a new report from a nonpartisan group.

The cost from the destruction and rebuilding, including estimates for uncovered costs, could rise by the billions, according to the report, which is called "Extreme Weather, Extreme Costs: The True Financial Impact of Hurricane Sandy on New Jersey Homeowners, Businesses and Municipalities." The report comes from US Strong, a nonprofit that says its mission is to protect communities from extreme weather.

"Things are changing, so we are going to have change," state Sen. Robert Singer, a Republican, said in a statement released by the US Strong. "Across the nation, we're seeing intense storms, more frequent storms, and unfortunately greater catastrophes. There has to be a permanent funding source, so we don't sit there and wait and say, 'Does Congress like us this year or not?' We have to look into how to fund this dedicated fund. We have to look at all avenues."

The report shows that the toll from the storm has topped $70 billion; more than half of that price tag is for New Jersey alone. Of that amount, the New Jerseyans will have to deal with $8 billion to $13 billion not covered by federal or state aid. But the toll won't end there, the report said, because that could rise by a lot.

US Strong compiled the report using a team of journalists who interviewed dozens of New Jersey residents and local officials. (You can watch some of the interviews HERE.)

"We cannot just talk about the need for emergency relief and storm preparedness," Curtis Fisher, the co-author of the report, said in a statement. "We need to fund it to protect the New Jersey shore and other communities across the country from extreme weather."

US Strong is calling for the creation of a dedicated federal fund to help communities prepare for and respond to extreme weather. With a dedicated fund in place, affected communities wouldn't have to wait for the U.S. Congress to pass disaster relief packages.

www.USStrong.us

  • New Jersey NewsNew Jersey NewsMore>>

  • Revel Casino Hotel starts closing in Atlantic City

    Revel Casino Hotel starts closing in Atlantic City

    Monday, September 1 2014 5:16 PM EDT2014-09-01 21:16:28 GMT
    Photo by Arun Kristian DasPhoto by Arun Kristian Das
    The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel.
    Atlantic City's newest casino and its costliest failure has begun its two-day shutdown.
  • Man to face murder charges in mother's slaying

    Man to face murder charges in mother's slaying

    Monday, September 1 2014 3:08 PM EDT2014-09-01 19:08:57 GMT
    Murder charges are pending against a northern New Jersey man who allegedly stabbed and beat his mother to death.
    Murder charges are pending against a northern New Jersey man who allegedly stabbed and beat his mother to death.
  • Why is Atlantic City collapsing?

    Why is Atlantic City collapsing?

    Sunday, August 31 2014 8:38 PM EDT2014-09-01 00:38:30 GMT
    AP file photoAP file photo
    For decades, making some quick cash was the main drive behind so many who took the ride down the parkway to Atlantic City. But with so much to choose from nowadays, it looks like Atlantic City is in a lot of trouble.
    For decades, making some quick cash was the main drive behind so many who took the ride down the parkway to Atlantic City. But with so much to choose from nowadays, it looks like Atlantic City is in a lot of trouble.
  • Local NewsLocal NewsMore>>

  • Hope's Land of Candy

    Hope's Land of Candy

    Monday, September 1 2014 8:13 PM EDT2014-09-02 00:13:34 GMT
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
  • Subway bedbug infestations on the rise

    Subway bedbug infestations on the rise

    Monday, September 1 2014 6:48 PM EDT2014-09-01 22:48:09 GMT
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
  • West Indian Day Parade steps off amid shootings

    West Indian Day Parade steps off amid shootings

    Monday, September 1 2014 6:05 PM EDT2014-09-01 22:05:47 GMT
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices