For $4.3 Billion, You Could Renovate JFK’s Terminal 4 More Than Three Times Over*
Or you could build three New Yankee Stadiums. Or more than one Wynn Casino in Las Vegas. Or 10.8 Gravina Island Bridges. In other words, you can do a lot with $4.3 billion:
The World Trade Center Transportation Hub is near-certain to bust its $3.2 billion budget — and there’s a chance it will cost more than $4.3 billion to build, the Daily News has learned.
That’s a spike of as much as $1.1 billion from the Port Authority’s “clear-eyed” estimate of only eight months ago, a review of Hub costs obtained by The News under the Freedom of Information Act reveals.
The December report by the Federal Transit Administration says it’s 90% certain the Port Authority will blow a June 2014 deadline for opening the Santiago Calatrava-designed megaterminal.
The FTA study also estimated there’s a 50-50 chance the Hub could cost $3.8 billion, shattering its budget by $600 million — with no funding for the extra costs.
*Cost: $1.1 billion.
Posted: May 21st, 2009 | Filed under: You're Kidding, Right?

