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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

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

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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.

For more videos, visit The Real Deal’s YouTube page.

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