Rising construction prices, design changes and a dearth of bidders have more than doubled the cost of a gigantic water filtration plant being built 10 stories beneath a Bronx driving range, budget experts have found.The plant is now expected to cost nearly $3.1 billion, up from $1.3 billion in 2003. Early estimates from the 1990s put it at $660 million.
The skyrocketing price tag has been one of several areas of concern on the part of critics, who say the plant has been horribly mismanaged by the city. Officials say the project, which the city was required to build, is making good progress after a slow start.
The plant, due to be completed in 2012, is designed to filter up to a quarter of the city's water supply, or about 300 million gallons a day. The project will be New York City's first drinking water filtration facility, and is believed to be the first subterranean water plant in the nation.
Cost of NYC Water Plant Doubles
Four more years!
2 comments:
"The plant is now expected to cost nearly $3.1 billion, up from $1.3 billion in 2003. Early estimates from the 1990s put it at $660 million.
"The skyrocketing price tag has been one of several areas of concern on the part of critics, who say the plant has been horribly mismanaged by the city. Officials say the project, which the city was required to build, is making good progress after a slow start."
And, who is the "Titan of Commerce" who is responsible for this corruption? Who is benefiting from this failure to manage?
And, who is the "Financial Guru" who we need to manage this and other financial matters in the city for all eternity (with him in charge, eternity will be brief)?
Do we need to give the turd a third?
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