Costs of City Hall repair rises — again

TRD New York /
Apr.April 18, 2012 09:30 AM

For the second time in a year, the estimated cost of City Hall’s rehabilitation has increased by millions. According to the New York Post, Mayor Michael Bloomberg allocated an additional $25 million to the repair after workers said the cost would rise to nearly $150 million because of unforeseen structural damage. The previous $123.8 million estimate was already double what the city had once expected the renovations would cost.

The newly-discovered damage stems from the roof deck of the rotunda, where failing concrete was crumbling and mesh wire supporting it was corroding. The work likely won’t be complete until the end of Bloomberg’s administration in December 2013. However, the Post said if the city held off on the repairs the costs would only rise further, and the burden of budgeting for City Hall repairs would fall on the city’s next mayor.

“We have a responsibility to leave the building safe and secure,” one official told the Post. “You don’t know what you’re going to find until you go in there.”

The cost of the entire project was originally estimated to be $60 million in 2007. [Post]


Related Articles

arrow_forward_ios
Donald Trump and Michael Bloomberg (Credit: Getty Images)

Bloomberg v. Trump: Real estate edition

From left: Mayor Bill de Blasio, 54 West 39th Street, 62 Grand Street, and 208 West 30th Street (Credit: Google Maps)

The Airbnb crackdown continues: City targets three more buildings

The Department of Citywide Administrative Services is cutting workstation sizes from 6 feet by 8 or 10 feet to 6 feet by 6 feet (Credit: iStock)

Do you work for the city? Then your cubicle is about to get smaller.

City overvalued Podolsky portfolio by $26M, uncovered docs show

City overvalued Podolsky portfolio by $26M, uncovered docs show

“The system is broken.” Real estate world clashes with NYC politicians at rent regulation panel

“The system is broken.” Real estate world clashes with NYC politicians at rent regulation panel

Bloomberg LP renews Grand Central offices

Bloomberg LP renews Grand Central offices

“We created money out of air”: Doctoroff talks High Line, Hudson Yards

“We created money out of air”: Doctoroff talks High Line, Hudson Yards

WATCH: NYC real estate’s week in numbers

WATCH: NYC real estate’s week in numbers

arrow_forward_ios