This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Die-Hard Ocean Debris Threatens Tourism Post Sandy

"When people start putting their boats back in the water in April, I know they're going to start hitting stuff," he said. "It's impossible not to hit stuff. It's also a lot shallower in places now. A lot of the lagoons are filled in with sand. People can't get their boats in or out."

Florida-based contractor AshBritt Environmental removed 42 boats from New Jersey waterways in recent weeks. Others were corralled by the State Police, or by private salvage companies acting on behalf of owners.

Property owners are not being held financially responsible for debris that washed or blew off their property into waterways unless they hire a private company to retrieve a boat they plan to repair and keep, according to the state Department of Environmental Protection.

The state, which issue contracts last week for the water cleanup work, plans to seek full reimbursement from the Federal Emergency Management Agency as part of $60 billion in Sandy relief approved by Congress.

Much of the work will involve cranes atop barges that pluck the largest debris from the bottom. Divers could be used for smaller pieces. Once that's done, many waterways will need to be dredged, with the sand placed back on beaches.

The private owners of an amusement pier that collapsed in Seaside Heights, N.J., pitching the Jet Star roller coaster into the ocean, are working with insurers to devise a plan to dismantle the ride and get it out of the ocean.

Seaside Heights also plans to send teams of divers to scour the ocean bottom in popular swimming areas before letting people back into the water, fearing parts of the wooden pier, metal pieces from boardwalk rides and other debris still linger in the ocean. Cars from the pier's amusement rides were found on beaches as far as 8 miles away in the days after the storm.

The Polar Bear Plunge, in which swimmers briefly dash into and out of the frigid surf to raise money for charity, was moved this year from Seaside Heights to Long Branch, a beach 24 miles to the north where hidden debris wasn't a concern.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To 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.
Submit an article to us!
DOW 17,000.83 -38.66 -0.23%
S&P 500 1,987.83 -4.54 -0.23%
NASDAQ 4,539.4920 +7.3880 0.16%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs