Escalating demolition costs pile on the woes at Deutsche Bank building.
It was a problem created amidst the US nation’s darkest hours; and yet the toxic Deutsche Bank building in Manhattan seems intent on making that problem even worse.
More than eight years after that fateful day in 2001, the demolition of the “Tombstone at Ground Zero” has been pushed back so many times that it now seems to operate on its own calendar. The building has killed two firefighters, been embroiled in a major fraud case, and become an unwelcome reminder of the events of 9/11.
And now, with demolition scheduled to start in just a few days, it appears that the building is to rub financial salt into New York’s gaping wound with demolition costs having escalated from an estimated £45 million to a staggering (and still only estimated) $274 million.
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