The Associated Press reports a California legislative panel advanced a bill Tuesday committing the state to cover up to $250 million in cost overruns as part of Los Angeles’ bid for the 2024 Summer Olympics.
The Senate Governmental Organization Committee approved the bill in a 7-0 vote after proponents said they’re confident they can provide the Games without the serious deficits that have challenged other recent host cities. They pointed to Los Angeles’ profitable hosting of the 1984 Olympics. — gamesbids.com
Previously in the Archinect news:LA 2024 plays up a sunny disposition in their logo for the Olympic bidL.A. seeks to accelerate infrastructure projects in advance of potential OlympicsLA mayor Garcetti confident that 2024 Olympics in his city would pay for themselves
when media outlets report cost of materials as being some $13,000, I want to know what was donated in terms of materials, too. Were permit fees waived? There are many times when you need a licensed architect or engineer for certain permits, and that’s not likely in these totals.
It is completely fine to get around having to do that stuff, but it’s not truthful to report the results without the real numbers as a part of the story. These kinds of things get shared around... — Jordan Pollard – metropolismag.com
Related on Archinect:Michael Kimmelman on the state of affordable housing in NYCLessons learned: The complex realities when designing communal social housingThe Guardian reveals how developers play the planning system to get around affordable housingDevelopers in California can be required to...
Last week Port Authority decided not to hold an opening ceremony for Santiago Calatrava’s World Trade Center Transportation Hub (followed by their sudden flip flop), citing the fact that it was six years delayed and that final construction costs came in around $4 billion in taxpayer dollars, twice what was projected. But it’s hardly the only public project to face delays and skyrocketing costs. In fact, it’s not even close to being the worst of the lot that are draining tax payer dollars. — 6sqft.com
Mortenson Construction Vice President John Wood said stadium designers and builders will cover the cost, so it won’t be added to the overall budget or cost taxpayers or the team any money. [...]
the Minnesota Sports Facilities Authority tentatively agreed to pay Mortenson $16 million for cost overruns even though the final figures are still being tallied. The authority is overseeing construction of the $1.1 billion stadium and approved the payment to resolve a mediation claim by Mortensen. — washingtontimes.com
Related on Archinect:How Cost of Train Station at World Trade Center Swelled to $4 BillionBudget Busters: ranking the world's most overbudget monumentsHKS is chosen to design new Vikings stadiumStadium Sticker Shock: Costs Explode for Russia's 2018 World CupPATH/Fail: The Story of the World’s...
One of the strangest places in Hungary lies beside the Tisza River in a village called Gergelyiugornya. Hugged by a bend in the river, it’s a relatively narrow, woody flood basin area packed with small cottages that show an incredibly wide variety of architectural designs and creativity. [...]
Most of these houses were built in the 80s, when the workers of socialist Hungary were allowed to build for themselves on small plots of land. — Gizmodo
This week Calatrava defended his projects. “The reality is that throughout my career I’ve tackled projects in Spain that I’m proud of,” he told Spanish daily El Mundo. [...]
At 63 years old, Calatrava said he hoped the best of his career was still to come. “Many of the architects I admire have given the best of themselves as they mature,” he said. “I’m hoping to do the same.” — theguardian.com
Previously:Calatrava: "I have been treated like a dog."Legal Troubles Dog Famed Spanish Architect Santiago CalatravaCalatrava Wins Law Suit Against Spanish Political Party for SlanderA half-hearted defense of Calatrava
Calatrava told me that it wasn’t his job to monitor the budget. “It is very difficult,” he said. “I have never estimated anything in this project, because there was a whole team, maybe 25 people, working the whole time on cost estimation and cost control. But I kept looking at those fellows and telling them this is like geology: You only know what you have under your feet when you excavate.” — nymag.com
The current, temporary trade center station serves... only 10,000 more than use the unassuming 33rd Street PATH terminal in Midtown Manhattan.
In fact, the hub, or at least its winged “Oculus” pavilion, could turn out to be more of a high-priced mall than a transportation nexus, attracting more shoppers than commuters. The company operating the mall, Westfield Corporation, promises in a promotional video that it will be “the most alluring retail landmark in the world.” — nytimes.com
Damningly described as ‘hell on wheels’, ‘malice in blunderland’, and ‘a field of dreams’; welcome to a run-down of some of the world’s most eye-wateringly over-budget projects. — Podio.com
After adjusting costs for inflation and converting into US Dollars, Podio put together a simple, nifty visualization of the world's most over-budget monuments. Unsurprisingly, Olympic and large infrastructure projects rank high, with projects like Healthcare.gov and the International Space...
Many in the art world were staggered by recent reports that the Italian curator Germano Celant is being paid €750,000 to organise a pavilion for the Milan Expo 2015. Celant’s fee, and the incredulity it provoked, raises questions about how much curators are typically paid for organising biennials and large-scale international exhibitions.
The Art Newspaper surveyed around 40 international curators and biennial organisers [...]. — theartnewspaper.com
Moscow wants to make Russia the "center of the sporting world," but the price tag will be steep. Four years before the 2018 World Cup, costs are exploding in the next host country, with the two most important stadiums each costing more than a billion euros. — spiegel.de
NATO is building a new headquarters for one billion euros. But the construction consortium is in financial difficulties and the project is at risk of being halted. — spiegel.de
Watch a 2008 video interview below with lead architect Jo Palma of Skidmore, Owings and Merrill discussing the ideas behind the design of the building. More European key projects in dire financial troubles: ECB Headquarters: Skyrocketing Costs for Skyscraper Project Starchitect Trio: The Men...
Art Critique Of Gramsci Monument: A Work in Public Space by Thomas Hirschhorn at Forest Houses, the Bronx, New York. — newcriterion.com
Thomas Hirschhorn’s Gramsci Monument, a temporary public art work sponsored by the Dia Foundation now on view at Forest Houses in the Bronx, reportedly cost $500,000 to construct.1 If you try accounting for its material costs in plywood, nails, tarps, and packing tape, and still come up...
Premier Dennis Napthine announced HASSEL + Herzog & de Meuron as the winners of the state government's competition for the redesign of the iconic station, but the plan for the redevelopment itself has been met with a degree of skepticism from some. On top of the $1.6m spent on the competition, Napthine estimates that the realisation of the plans would cost $1 to $1.5b and would take over a decade to be built. The state government has not yet committed to its completion. — au.artshub.com
At $3.74 billion, plus another $200 million in contingencies, the “Transportation Hub” at the World Trade Center—not even the busiest station in the Financial District—will be far and away the most expensive train station built in modern history.
The Hub, as it’s known in Port Authority speak, will be the crowning artistic statement of the World Trade Center complex, perhaps the last grand gesture at a site that was supposed to be full of them. — observer.com
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