1 WTC Price Tag Rises The price tag for One World Trade Center, the signature skyscraper under construction at Ground Zero in New York, has risen to more than $3.8 billion, making it by far the world's most expensive new office tower, according to people familiar with the matter. New WTC building price tag rises to $3.8B NEW YORK – The price tag for One World Trade Center, the signature skyscraper under construction at Ground Zero in New York, has risen to more than $3.8 billion, making it by far the world's most expensive new office tower, according to people familiar with the matter. The Price Tag For The New World Trade Center Has Ballooned To $3.8 Billion Blame high security costs, new leasing cost estimates, and protracted construction: One World Trade Center has become the world's most expensive office tower, Eliot Brown reports for The Wall Street Journal. WTC money woes resurface Problems new and old are plaguing development at the World Trade Center site, where construction has all but halted on the National September 11 Memorial and Museum. At $3.8 Billion, 1 World Trade Center Is The Most Expensive Building In The World As One World Trade Center has passed the 90th floor of its construction, it's reached another milestone: It's now costing more than $3.8 billion. The Wall Street Journal reports that it's the "world's most expensive new office tower, according to people familiar with the matter. The new figure [is] up $700 million from the latest public estimate." [ more › ] Three World Trade Center building planned for 80 stories but capped at 7 floors If developer Larry Silverstein can't find a big company to lease space at Three World Trade Center (second from right), he will cap the building at less than a tenth of its planned height. World Trade Center developer: Cap proposed 80-story building at 7 floors if tenants aren't found Developer Larry Silverstein says he'll cap the construction if tenants aren't found to occupy the building, sources say Silverstein Said to Discuss Capping 3 World Trade Center at Seven Stories Larry Silverstein is in discussions to cap 3 World Trade Center at seven floors if tenants aren't found to take enough space for the building's planned 80 stories, said two people familiar with the talks. Foye Anticipates Anchor Tenant for 3 WTC NEW YORK CITY-Following reports that an 80-story skyscraper could be capped on the World Trade Center site , Patrick Foye , the new executive director of the Port Authority of New York & New Jersey , told reporters that he expects the tower to be fully completed and leased as originally planned. Raleigh to get artifact from World Trade Center The city will receive a 2-foot-long piece of steel from the World Trade Center, one of many artifacts made available by New York authorities to commemorate the Sept. 11 terrorist attacks.
Key Words: new world trade center
References:
http://online.wsj.com/video/the-world-most-expensive-office-tower/7E5E770C-82BE-40C0-A697-4979BA7CE4F9.html
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http://www.scientificamerican.com/article.cfm?id=a-feeling-for-the-past
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Monday, January 30, 2012
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