Analyst Ratings
New York's Aging Infrastructure A Costly Problem
VALERIE BAUMAN
ALBANY, N.Y. (AP) — Tens of thousands of miles of aging sewer and water treatment systems need extensive repairs and upgrades that could cost New York billions in the next two decades, an expensive undertaking even with the help of federal stimulus funding, according to state officials. New York's Department of Environmental Conservation found sewage-treatment infrastructure around the state is aging out and in need of an estimated $36.2 billion in repairs over the next 20 years. A similar state Health Department study estimated that drinking water infrastructure is in need of approximately $38 billion in repairs over 20 years. "There's really not a corner of this state that doesn't have an area that requires something to be fixed, but as soon as we fix one community, their neighbors will need something to be fixed," said Matthew Millea, acting president of the New York state Environmental Facilities Corporation, which awards loans and grants for wastewater and drinking water projects. In the case of wastewater and sewage, much of the infrastructure is hidden underground, and the problems might not be apparent and are less likely to receive local funding. The problem with aging sewer infrastructure will affect one community at a time, gaining attention when serious overflows happen. "They were constructed 30 to 40 years ago when the population was much less, now the population has grown but the upgrades of the facilities hasn't grown to keep up," said Adrienne Esposito of the Citizens Campaign for the Environment.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |


Connect with TheStreet