November 21, 2024

1 thought on “Ithaca Commons Construction: $6 Million Over-Budget and 1 Year Late

  1. Paraphrased from https://en.wikipedia.org/wiki/Big_Dig

    Boston’s “Big Dig” was the most expensive highway project in the US, and was plagued by escalating costs, scheduling overruns, leaks, design flaws, charges of poor execution and use of substandard materials, criminal arrests, and one death. The project was originally scheduled to be completed in 1998 at an estimated cost of $2.8 billion. However, the project was completed only in December 2007, at a cost of over $14.6 billion. The Boston Globe estimated that the project will ultimately cost $22 billion, including interest, and that it will not be paid off until 2038. As a result of the death, leaks, and other design flaws, the consortium that oversaw the project agreed to pay $407 million in restitution, and several smaller companies agreed to pay a combined sum of approximately $51 million.

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