More "unexpected" stuff.....

[Barbella]

"At 10 years in the making, One World Trade Center, the skyscraper that’s being constructed at New York City’s Ground Zero, is now the most expensive new office tower in the world, with new estimates of its price tag hitting $3.8 billion, as reported by The Wall Street Journal.
--------------------
“Of the $700 million in additional costs, about $350 million comes from costs associated with leasing such as money given to tenants to build out their offices and commissions for brokers, the people said. That figure assumes the building would be nearly fully occupied. Other increases come from unexpected construction costs, financing costs, fees to consultants and the Durst Organization, and other contingencies,” the WSJ reports.

Oh, and....

"Since its inception, the construction of One World Trade Center has been marked by delays and political infighting that have been reflected in controversial toll hikes for area residents and reduced spending on other transportation projects. The office tower is expected to be completed in 2013.

The Port Authority is currently embroiled in a lawsuit investigating the toll hikes, which it had said were necessary to fund One World Trade Center, but papers it filed in conjunction with the lawsuit revealed that the higher tolls were actually going to be used for unrelated transportation projects."

Now THAT was to be EXPECTED.

http://bottomline.msnbc.msn.com/_ne...-one-world-trade-center-soars-so-do-its-costs

 

[Citizen]

capatilism at it's finest wouldn't you say.

 

[888888]

"At 10 years in the making, One World Trade Center, the skyscraper that’s being constructed at New York City’s Ground Zero, is now the most expensive new office tower in the world, with new estimates of its price tag hitting $3.8 billion, as reported by The Wall Street Journal.
--------------------
“Of the $700 million in additional costs, about $350 million comes from costs associated with leasing such as money given to tenants to build out their offices and commissions for brokers, the people said. That figure assumes the building would be nearly fully occupied. Other increases come from unexpected construction costs, financing costs, fees to consultants and the Durst Organization, and other contingencies,” the WSJ reports.

Oh, and....

"Since its inception, the construction of One World Trade Center has been marked by delays and political infighting that have been reflected in controversial toll hikes for area residents and reduced spending on other transportation projects. The office tower is expected to be completed in 2013.

The Port Authority is currently embroiled in a lawsuit investigating the toll hikes, which it had said were necessary to fund One World Trade Center, but papers it filed in conjunction with the lawsuit revealed that the higher tolls were actually going to be used for unrelated transportation projects."

Now THAT was to be EXPECTED.

http://bottomline.msnbc.msn.com/_ne...-one-world-trade-center-soars-so-do-its-costs

somehow it will be the workers who are the problem, want to bet.

 

[GordonGecko]

somehow it will be the workers who are the problem, want to bet.

Of course.....never management. I sense a big ol' anti-union screed a'coming.

 

[Barbella]

Actually, I blame the politicians. Don't they know how to write a CONTRACT? If I have the roof on my house replaced, I sign a contract, and I expect the contractor to complete the job within reasonable boundaries of his written proposal.

 

[GordonGecko]

Actually, I blame the politicians. Don't they know how to write a CONTRACT? If I have the roof on my house replaced, I sign a contract, and I expect the contractor to complete the job within reasonable boundaries of his written proposal.

So you want POLITICIANS to control private enterprise???

 

[BitterPill]

"At 10 years in the making, One World Trade Center, the skyscraper that’s being constructed at New York City’s Ground Zero, is now the most expensive new office tower in the world, with new estimates of its price tag hitting $3.8 billion, as reported by The Wall Street Journal.
--------------------
“Of the $700 million in additional costs, about $350 million comes from costs associated with leasing such as money given to tenants to build out their offices and commissions for brokers, the people said. That figure assumes the building would be nearly fully occupied. Other increases come from unexpected construction costs, financing costs, fees to consultants and the Durst Organization, and other contingencies,” the WSJ reports.

Oh, and....

"Since its inception, the construction of One World Trade Center has been marked by delays and political infighting that have been reflected in controversial toll hikes for area residents and reduced spending on other transportation projects. The office tower is expected to be completed in 2013.

The Port Authority is currently embroiled in a lawsuit investigating the toll hikes, which it had said were necessary to fund One World Trade Center, but papers it filed in conjunction with the lawsuit revealed that the higher tolls were actually going to be used for unrelated transportation projects."

Now THAT was to be EXPECTED.

http://bottomline.msnbc.msn.com/_ne...-one-world-trade-center-soars-so-do-its-costs

What a mess.

 

[888888]

You do realize that the military writes the majority of their contracts as value added. They get paid for hrs worked plus a 10/20% added on cost.

 

[Barbella]

Sigh.....

"The Port Authority of New York and New Jersey, which is managing the construction effort"
http://bottomline.msnbc.msn.com/_ne...-one-world-trade-center-soars-so-do-its-costs


"The Port Authority is jointly headed by the governors of New York and New Jersey"
http://en.wikipedia.org/wiki/Port_Authority_of_New_York_and_New_Jersey

 

[Barbella]

This was supposed to go to GordonGecko in response to his "So you want POLITICIANS to control private enterprise???"

 

[connieb]

Nothing should have been unexpected about this. A construction contract in mob and union controlled NY has about 0% chance of coming in on time and on budget. There is simply no way to grease all the outstretched palms and stay on budget, and simply no way to kiss all the behind and stay on time.

connie

 

[Alinvegas]

Aw hell, We got hotels that cost almost that much...

 

[Barbella]

LOL...

Hmmmm....did your tolls go up in order to pay for it (while, of course, paying for something ELSE altogether, whatever that may be....more than likely THAT'S going into SOMEONE'S pocket)....

Do you even HAVE tolls in NV?

 

[Corruptbuddha]

Where does she say that GG?

Asking politicians to use the same care and foresight in the people's dealing as any citizen would in his/her dealings is controlling private enterprise how exactly?