NEW YORK (CBSNewYork / AP) – The cost of One World Trade Center is rising sharply everyday. Now, the Port Authority has discovered that the loading docks under the building won’t be ready in time for its tenants.

WCBS 880’s Monica Miller On The Story

The problem is due to a temporary station that was built for the Port Authority Trans Hudson (PATH) subway. That station can’t be dismantled to make way for underground freight areas until crews finish the permanent station.

“Several years there was a design miss,” said Patrick Foye, executive director of the Port Authority, “Should it have been caught? The answer is, probably.”

Millions more will have to be spent on a temporary loading docks.

However, Greg David, contributor to Crain’s New York Business, says it’s not a lot of money in the grand scheme of things.

“It may sound like a lot, but it’s really not. The cost of One World Trade Center, the Wall Street Journal reported this week, is going to rise by $700 million,” he told WCBS 880 reporter Monica Miller. That’s up to a total of $3.8 billion, a number that Foye would not confirm. “This has been the story of the World Trade Center from the very beginning. The costs were underestimated. They continue to be underestimated.”

So, why does the cost keep rising and rising?

“Because it’s much more expensive to lease the space than they had assumed because we’re giving companies such breaks to move in there and because construction costs are rising,” said David.

Foye says the Port Authority still expects One World Trade Center to be completed by the end of 2013.

(TM and Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Comments (4)
  1. cygon says:

    700 mil is not a lot???? and these people criticize Romney.

  2. cygon says:

    I want to see that Cross on Ground Zero where they originally found it. They removed it from public view from the church grounds and buried it in some basement somewhere. That cross gave comfort to families of victims in their darkest days. It deserves a place in the memorial plaza as much as that survivor tree. The tree signifies growth after the worst tragedy, but the cross signifies that death is not the end.

    1. CSM says:

      Putting a specific religious symbol in a public space is simply unfair. That thing belongs on church grounds if anywhere.

  3. Linda Elsey says:

    Who ever designed this then kept changing the design should also be obsorbing the extra costs, not the taxpayers or people paying tolls. If they don’t know what they are doing building this thing, let someone else take over to quit wasting time and money people don’t have or, stop the project altogether.

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