The Real Deal New York

WTC transit hub costs soar to $3.44 billion

February 24, 2011 03:10PM

A rendering of the Santiago Calatrava-designed World Trade Center transit hub

The cost of the World Trade Center’s new transit hub has soared to $3.44 billion, and the Port Authority of New York & New Jersey will be forced to use contingency funding to finish the project. According to the Associated Press, construction director Steven Plate told Port Authority commissioners today that he needs another $180 million, in part because architect Santiago Calatrava’s steel arches are going to cost $221 million — twice their original budget. The arches were designed with additional steel to protect against terrorist attacks, and that steel is costing more than anticipated to ship because site planners chose a foreign contractor that had worked with Calatrava in the past. [AP via Post] 

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