>$1B messtimate,Port Authority goofs on WTC cost budget
By JENNIFER FERMINO Transit Reporter
Last Updated: 4:11 AM, February 10, 2012
The Port Authority brain trust that orchestrated last year’s toll hikes failed to include a billion dollars in their accounting of World Trade Center costs — and no one at the agency yesterday could explain why.
The blooper was uncovered in an independent audit released Tuesday that found the PA will fork over $7.7 billion to pay for the construction of the World Trade Center.
That’s a $1.7 billion increase from the last cost estimate in 2008.
At the agency’s monthly board meeting yesterday, red-faced officials admitted costs like moving tenants into 1 World Trade Center were not accounted for — despite being necessary to complete the job.
Read more: https://www.nypost.com/p/news/local/messtimate_NsWBSO0uoHCU5TGbnC28AO#ixzz1lzH9HSBC
