Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

World Trade Center memorial plans hit by spiralling costs - image

  • Comment
The future of the World Trade Center Memorial in New York, jointly designed by a US firm that has recently agreed to join forces with the London-based Aedas group, has been thrown in to doubt due to cost issues.

The scheme ( pictured), undertaken by Davis Brody Bond working with Michael Arad and Peter Walker, is facing an alleged doubling of its construction budget to $1 billion (£536 million).

This has left senior figures in the city, such as mayor Michael Bloomberg and governor George Pataki, calling for the designs to be rethought.

Davis Brody Bond was brought on to the project at the beginning of this year, just a few weeks before it agreed to join up with Aedas.

Arad won the commission for the project in 2004 following an international competition with a scheme that was budgeted at $490 million (£263 million).

The new cost, revealed in a report by the contractor Bovis Lend Lease, is blamed on the global increase in the price of steel and concrete that has affected many projects around the world.

At the time the scheme was agreed, it seemed set to be the least controversial part of the Ground Zero redevelopment.

by Ed Dorrell

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.