search

The Real Deal Logo

Trending

Macerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aChen family sues bank, contractor for over $3 billionChen family sues bank, contractor for over $3 billionRobert Rivani’s Black Lion pays $63M for Miami Beach mixed-use buildingRobert Rivani’s Black Lion pays $63M for Miami Beach mixed-use building
New York

Calatrava station $300M over budget

Sign Up for the undefined Newsletter

The Port Authority has reduced the cost overruns of building the PATH station planned for the World Trade Center to $300 million from $1 billion. The agency made alterations in the design and unseen engineering elements of the structure, but architect Santiago Calatrava successfully fought to preserve a function that allowed the roof to open. The “expense and relatively limited use of the function” had made it an early target for cost savings. more [Sun]