Sandy Total Loss Estimate: Up To $100 Billion
by Tyler Durden
ZeroHedge.com
10/30/2012
In a stunningly accurate prediction of what to expect from a 100-year storm, the following 2011 report assessing the ‘risk increase to infrastructure due to a sea level rise’ provides everything you did not want to know about just how bad the situation is with recovery from Sandy’s damage but were afraid to ask. Based on extrapolations from storm surge heights, the authors see a ‘perfect storm’ of this magnitude likely creating a total loss between $50 and $100bn. As Atlantic Cities notes, citing the report: The researchers also estimate that… it could take the subway system about 21 days to get working at 90 percent functionality. If all potential damage is considered, …that timeline could increase to several months, and that “permanent restoration of the system to the full revenue service that was previously available could take more than two years.”
The Rest…HERE
