New Jersey News
Estimate for New Jersey Sandy cleanup: $29.4 billion
TRENTON, N.J. -- Cleaning up the damage caused by Superstorm Sandy will cost New Jersey about $29.4 billion.
Gov. Chris Christie cited the estimate in a statement released Friday night, but warned that the total could go higher as the state further assesses damage.
The preliminary estimate includes damage to personal property, businesses, transportation, utilities and infrastructure. It also includes aid the state has already received and money it expects to get.
The Jersey Shore, the lifeblood of New Jersey's $38 billion tourism industry, was hardest-hit during the storm. Christie said officials will assess the storm's impact on coming tourism seasons, and also will start to study population shifts and changes in the real estate market.
Christie says he remains committed to working with President Obama to secure federal help for New Jersey.
Get Eyewitness News Delivered
new jersey, hurricane sandy, new jersey news
- Winter Weather Advisory 28 min ago
- Live: Eyewitness News on 7online streamed live!
- Get WATCH ABC for your mobile device
- iWitness Photos and Videos
- World leaders, South Africans honor Mandela at memorial 56 min ago
- 'Snow Alert' issued for New York City 27 min ago
- New Jersey preparing for another dose of snow 8 min ago
- LIRR preparing for snow, ice
- Photos: AccuWeather Forecast in pictures
- Woman beaten up, robbed on Harlem subway platform 41 min ago
- Man shot to death in Valley Stream
- Homeless shelter charity and giving tips
- Photos: Bronx River Parkway crash
- Photos: Technology Gift Guide
- 'Snow Alert' issued for New York City
27 min ago
- Winter Weather Advisory
28 min ago