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WTC Project Years Behind, Billions Over

Memorial unlikely to be ready for 10th anniversary of 9/11

By Peter Fearon,  Newser Staff

Posted Jun 30, 2008 5:59 AM CDT
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(Newser) – The problem-plagued World Trade Center rebuilding project will be completed years behind schedule and up to $3 billion over budget, reports the Wall Street Journal. Construction of the various elements of the $15 billion complex—which includes a sprawling 9/11 memorial, office towers, a performing arts center, and a transportation hub—have been poorly coordinated, triggering a cascade of delays.

The Port Authority is releasing an investigative report today detailing up to 20 issues that must be addressed before a realistic schedule can be set. The problems mean the 8-acre memorial section of the complex isn't likely to be finished by the 10th anniversary of the attack. But officials are hoping to have at least some of the components completed by then.

Goldman Sach's headquarters, left, towers over construction cranes working above the Freedom Tower at the World Trade Center on Friday, June 13, 2008.
Goldman Sach's headquarters, left, towers over construction cranes working above the Freedom Tower at the World Trade Center on Friday, June 13, 2008.   (AP Photo/Mark Lennihan)
Construction continues at the World Trade Center site. A new reports says the projects are years behind schedule and billions over budget.
Construction continues at the World Trade Center site. A new reports says the projects are years behind schedule and billions over budget.   (AP Photo/Mark Lennihan)
A column for the Freedom Tower rises from the base of the World Trade Center site. Rebuilding at site is reportedly years behind schedule and billions of dollars over budget.
A column for the Freedom Tower rises from the base of the World Trade Center site. Rebuilding at site is reportedly years behind schedule and billions of dollars over budget.   (AP Photo/Mark Lennihan, file)
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Port Authority ignores secret WTC report
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US • Money

 
New York City • World Trade Center • Freedom Tower • Merrill Lynch • Michael Bloomberg • World Trade Center memorial • Port Authority of New York and New Jersey • Lower Manhattan Development Corp • David Paterson • Christopher J. Ward • 9/11 attacks • Westfield Group • transportation hub

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