Contractor files revised Deutsche Bank demolition plan

The demolition of the former Deutsche Bank building is likely to take six months longer than expected, according to a plan filed with the city last month by deconstruction contractor Bovis Lend Lease. The building was initially expected to be demolished by 2005, with the deconstruction costing about $45 million. But the project, which is being paid for by the federal government, the Lower Manhattan Development Corporation, contractors and insurers, could end up costing nearly $300 million. The revised deconstruction plan has not yet been approved.