WTC Memorial Cost Close to $1 Billion

According to a confidential report compiled for the World Trade Center Memorial Foundation, which is overseeing fundraising and construction at the memorial, the estimated total cost for the memorial and its museum has ballooned to about $972 million. The Foundation insists it should only pay for about two-thirds of the $972 million, with government agencies funding related infrastructure. In response, the Lower Manhattan Development Corporation (LMDC), which oversees all construction on the site, has insisted that the cost must remain $500 million.

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