While most are aware of the construction developments at Ground Zero in New York, very few are aware of the expenses involved in the construction of the new skyscraper. If reports are to be believed, the price tag for One World Trade Center has now reached an astonishing $3.8 billion! This price rise has now made this yet under construction skyscraper the world’s most expensive new office tower. The One World Trade Center, which is being built by the Port Authority of New York and New Jersey, is already a victim of several political controversies. This new price hike of almost $700 million is bound to lead to higher bridge and tunnel tolls and reduction in spending on transportation infrastructure. The main reason for the price hike in the construction of the tallest skyscraper in North America can be attributed to the high security prices.
The 1,776-foot skyscraper stands tall on a windowless podium and already boasts of 90 stories. The costs for the overall site, which includes two buildings, rights for two more towers, a memorial and museum and a $3.4 billion transportation hub, are only set to increase with time. This news is sure to not go down well with the cash strapped citizens who are already struggling to make ends meet.