Sandy Will Cost New York an Estimated $19 B., Mayor Wants Feds to Cover Half

As New York continues to grapple with closed subway stations and an overcrowded shelter system following Hurricane Sandy’s late October destruction, the City is looking for a little help from its friends in Washington. Mayor Michael Bloomberg sent a letter to members of New York’s Congressional delegation today, estimating the damage caused by late October’s superstorm at $19 billion in public and private losses.
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