New House pipe burst cost Institute $6 million
The damage caused by the flood in New House last summer cost the Institute about $6 million: $4 million in repairs, plus about $2 million to cover room, board, and moving expenses for the approximately 140 displaced New House residents.
The Institute also allocated about $6 million to “renew certain building systems” while the building was unoccupied, Deputy Executive Vice President Anthony P. Sharon told The Tech in an email.
Many of the displaced residents have spent a semester in the Hyatt Regency hotel. They will return to New House this Saturday.
A burst sprinkler pipe last July caused almost four feet of flooding and severe water damage in three of New House’s six houses. The damage displaced residents in Houses 1, 2, and 3.
Sharon expects that some of the expenses will be covered by insurance.