Monster Storm Closing Casinos--Sandy Targeting $80 Billion Of Property
Hurricane Sandy, moving north from the Caribbean, was expected to make landfall Monday night near the Delaware coast, then hit two winter weather systems as it moves inland, creating a hybrid monster storm that could bring nearly a foot of rain, high winds and up to 2 feet of snow. Experts said the storm would be wider and stronger than last year’s Irene, which caused more than $15 billion in damage, and could rival the worst East Coast storm on record.
Officials did not mince words, telling people to be prepared for several days without electricity. Jersey Shore beach towns began issuing voluntary evacuations and protecting boardwalks. Atlantic Beach casinos made contingency plans to close, and officials advised residents of flood-prone areas to stay with family or be ready to leave. Airlines said to expect cancellations and waived change fees for passengers who want to reschedule. Reasmorehere
“Based on current forecasts, Sandy is likely to make landfall along the northeastern Atlantic coast early Monday,” said Dr. Howard Botts, vice president and director of database development for CoreLogic Spatial Solutions. “Though it is still early and the projected path is constantly changing, Sandy could pose an enormous threat to major metropolitan areas in the Northeast, like New York City and Long Island, Atlantic City and Baltimore.”
The data shows more than 261,000 total residential properties valued at over $80 billion at risk for potential storm-surge damage among the coastal Mid-Atlantic states, assuming the storm hits the coast as a Category 1 hurricane. Within that region, more than 210,000 total properties valued at over $67 billion stand at risk in five major metro areas from Virginia to New York.
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Whistler Blowers, Insiders
Hurricane Sandy is losing strength from a category 3 to a category 1 hurricane. A category one storm has sustained winds of 40-75 mph. I do not know about the weather coming from the west, but I do not understand the concern. It seems like manufactured fear…much ado about nothing.