Okay hear me out on this one, I hate Powell, but I was talking to a friend about it who is in construction in Des Moines and he had an interesting point.
The new ballroom at the White House was supposed to cost $200M and then went to $400M for a 90,000 square foot space. They're doing a full tear down and rebuild. At the Fed building they have two buildings totalling 1.1 million square feet and it went from $1.9 Billion to $2.4 Billion. It doesn't seem so crazy.
Back in 1952 they had to gut and rebuild the whole White House due to structural and foundation damage. If you adjust the cost for inflation it was around 800 million bucks to do the whole project.
Okay hear me out on this one, I hate Powell, but I was talking to a friend about it who is in construction in Des Moines and he had an interesting point.
The new ballroom at the White House was supposed to cost $200M and then went to $400M for a 90,000 square foot space. They're doing a full tear down and rebuild. At the Fed building they have two buildings totalling 1.1 million square feet and it went from $1.9 Billion to $2.4 Billion. It doesn't seem so crazy.
Back in 1952 they had to gut and rebuild the whole White House due to structural and foundation damage. If you adjust the cost for inflation it was around 800 million bucks to do the whole project.