months. the entire boardwalk has been rebuilt. 85% to 90% of the businesses are back open. we are told some of the kiddy rides will be back on line come july 4th. the rebuilding cost $6 million to $7 million, which is half of the annual budget of seaside heights and also their life line. 75% of their annual revenue comes from this boardwalk. rebuilding it was priority number one. fredricka? alina, thanks so much. a deadly hostage situation at a hospital in southwestern pakistan is now over. 23 people were killed in the siege. also, from a separate bus blast. the dead include four militants. they had been holding hundreds hostage where 20 students were being treated. all victims of the blast were women, teachers and students. in istanbul, turkey, new clashes between police and protesters. mr. is have been firing tear gas
necessary to build a stronger, more resilient new york. and alina cho joins us from seaside heights, new jersey. let me ask you this, i know the people there have suffered so much after sandy. how are they doing now? reporter: well, it s incredible to see the rebuilding, alison. first of all, and a lot has happened in the past 6 1/2 months, the entire 16-block boardwalk here has been rebuilt. it s really, really incredible. the beach is packed. have a look here just to my right. i mean, take a look at this. it s a beautiful day. and we re told that come july 4th weekend, some of the kiddy rides will be back so that will be important to the businesses here, that will bring some of the crowds back here at night after the beach hours. what s incredible is that 85% to 90% of the businesses are back open. many of them are open right now. the rebuilding cost about $6
by mid century is that a similar storm could cost nearly five times that, $90 billion. we can do nothing and expose ourselves to an increasing frequency of sandy-like storms. we could abandon the waterfront, or we can make the investments necessary to build a stronger, more resilient new york. and cnn s alina cho joins us from seaside heights, new jersey. alina, how far along does the rebuilding seem to be? reporter: alison, very far. they ve come a long way in 6 1/2 months. in fact, you know, this entire 16-block boardwalk has been rebuilt. you can still smell the fresh wood. 85% to 90% of the businesses have reopened. many of them are open right now. the beach is packed. and we re told that some of the kiddy rides will come back some july 4th weekend, and that is key because that is what will bring the families here after the beach hours at night. that s great news for businesses. another important note is that