Citing delays and budget overruns on nearly every project at the World Trade Center site, the owner has announced that current rebuilding schedules and cost estimates are “not realistic.”
In a letter to New York Gov. David Paterson (D), Christopher Ward, executive director of the Port Authority of New York and New Jersey, said “unprecedented challenges” are causing “significant delays.” According to Ward, “the schedule and cost estimates of the rebuilding effort that have been communicated to the public are not realistic. In fact, ...the schedule and cost for each of the public projects on the site face significant delays and cost overruns.”