This Day On The Street
Continue to site
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

Reopened Pizza Joint Signals Hope for Long Beach Island

NEW YORK ( TheStreet) -- Riding along much of Long Beach Boulevard, the main drag on Long Beach Island, a skinny 18-mile stretch of sand off the New Jersey coast, you'd never know that it was ravaged by Hurricane Sandy less than seven months ago.

Many businesses are open, the mounds of debris from flooded homes have been cleaned up and it appears to be business as usual on the island that has been near and dear to several generations of my family.

But if you listen, you'll hear the sounds of saws and pneumatic nail guns. You'll see contractor's trucks on almost every street. The island has come a long way, for sure, and much more quickly than I expected, but the challenges remain.

During my last trip to Holgate, on the southern end of the island, there were still visible scars: houses pushed off foundations, others knocked over, beachfront homes with overly exposed pilings and the remnants of what was once a trailer park.

Read the local newspapers, and you'll learn about the main island controversy over beach replenishment projects, which have expanded the sizes of protective dunes and widened the beaches dramatically over parts of the island.

Some beachfront homeowners have refused to sign easements in order to allow the replenishment work to move forward. This has limited the ability to complete larger contiguous stretches of beach.

Last year, work on a one-mile stretch that included our own beach was completed. The replenished dunes held during Sandy, and I'm convinced that the damage would have been worse had the beaches not been replenished.

Unfortunately, that one-mile stretch ended two blocks from our beach, where a homeowner refused to sign his easement. Nearby, on the bayside, one of the locals, who rode out the storm, witnessed the bay and ocean meet during the storm surge.

Now, I'm certain that flood water from the bay was responsible for some of the flooding, but it does raise the question as to the extent to which the beach replenishment limited the damage in areas where it had been completed.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs