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Christie: New Jersey Sandy Damage Rises to $36.8 B

New Jersey Governor Chris Christie named a disaster-recovery manager as he said damage and costs from Hurricane Sandy have reached $36.8 billion.

The estimate is up more than $7 billion from a preliminary figure of $29.4 billion that Christie, a first-term Republican, gave last week. It’s also higher than the $33 billion estimate given by New York Governor Andrew Cuomo for costs of the storm to his state.

New York and New Jersey won’t compete for federal disaster money, Christie, 50, told reporters today at the Statehouse in Trenton. The two states are “entwined” and Sandy is a regional issue, he said.

Christie named Marc Ferzan, a former assistant U.S. attorney who has worked in New Jersey’s attorney general office, to lead the state’s recovery. Ferzan, of Lawrenceville, will work out of the Statehouse and earn a cabinet-level salary, $141,000, the governor said.

Sandy struck Oct. 29, flooding New York City’s subway system and leaving more than 2 million residents in the state without power. In New Jersey, it caused massive flooding and left 2.7 million customers in the dark. The storm killed more than 100 people and left thousands homeless.

Sandy is comparable to Hurricane Katrina in terms of damage, Christie said. He said he would release details of the additional Sandy costs later today.

 

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New Jersey Governor Chris Christie named a disaster-recovery manager as he said damage and costs from Hurricane Sandy have reached $36.8 billion. The estimate is up more than $7 billion from a preliminary figure of $29.4 billion that Christie, a first-term Republican, gave...
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