The Real Deal New York

The Port Authority’s $4B Oculus is finally upon us: VIDEO

Much-criticized WTC transportation hub is seven years overdue and $2 billion over budget

February 25, 2016 04:54PM
By Alistair Gardiner

The Port Authority’s World Trade Center Transportation Hub will finally open next week, but don’t expect any parades or ribbon-cutting.

Following seven years of delays and a comic array of costs overruns, the Port Authority of New York and New Jersey decided to nix a grand opening ceremony for the Santiago Calatrava-designed, 365,000-square-foot train station known as the Oculus.  The project exceeded its budget by around $2 billion and was referred to as “a symbol of excess” by Patrick Foye, the authority’s executive director.

Watch the video above for more on the project.

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