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Port Authority audit reveals nearly $4B cost overrun for World Trade Center
Published: Tuesday, February 07, 2012, 6:24 PM
By The Associated Press
NEW YORK — The agency building the new World Trade Center has let costs get out of control, with the estimated price tag soaring nearly $4 billion over the last four years, auditors said today.
Navigant Consulting said the project is now expected to cost $14.8 billion, 35 percent more than the last estimate, of $11 billion, in 2008.
New York Gov. Andrew Cuomo and New Jersey Gov. Chris Christie ordered the review of the World Trade Center site’s owner, the Port Authority of New York and New Jersey, after the agency’s board voted to raise bridge and tunnel tolls in August.
https://www.nj.com/news/index.ssf/2012/02/port_authority_audit_reveals_n.html
