Wednesday, February 8, 2012
Cost overruns at WTC
Costs for the new World Trade Center have skyrocketed.
An audit from Navigant Consulting found the project is now estimated to cost nearly $15 billion.
That's 35 percent more than the $11 billion estimate in 2008.
Governor Andrew Cuomo and New Jersey Governor Chris Christie ordered the review after the Port Authority voted to raise bridge and tunnel tolls in August.
The Port Authority owns the World Trade Center site.
The auditors called the Port Authority “a challenged and dysfunctional organization suffering from a lack of consistent leadership."
The agency said it's taking steps to bring costs under control.
There have been several problems with rebuilding the World Trade Center site, including design mistakes and delays for the opening of the September 11th museum.