The regular website didn't block me for some reason, so here are some quotes: [...] [...] [...] On the one hand, yes that does seem hard. On the other hand, someone who was really focused on...
The regular website didn't block me for some reason, so here are some quotes:
Powell’s critics have pointed to certain features of the building plans as ostentatious, including vegetated roofs and changes to the elevator. The Fed has said the price tag for the renovation has more to do with the challenges of building — particularly underground — in what was once a swamp near the Tidal Basin along the Potomac River.
[...]
The project was always going to be tricky, with initial cost estimates pinned at $1.9 billion. Construction on the Marriner S. Eccles Federal Reserve Board Building and the adjacent Federal Reserve East Building involves adding new office space, removing asbestos and lead, and replacing antiquated mechanical systems. Neither the Eccles Building — an austere edifice designed by Paul Cret and dedicated by Franklin D. Roosevelt — nor the East Building has been fully renovated since they were built almost a century ago.
[...]
Some of the bigger cost factors are largely invisible. The price of structural steel exploded in 2021, just before construction began. Any building project in Washington’s so-called monumental core is covered by a bevy of design oversight boards that can — and did — slow down the work. And the renovation of structures built during the New Deal has to account for federal security standards adopted after the Sept. 11, 2001, terrorist attacks.
[...]
Parts of the job call for deep excavation. Expanding the Fed’s campus involves converting a parking garage underneath the Eccles Building into additional office space. A five-story addition on the north side of the Fed’s East Building also boasts four extra floors below ground — a common trick in Washington, where heights are capped and historic vistas are protected. Below the south lawn of the East Building, a 318-space parking garage is being added. According to the Fed, the water table was higher underground than builders had predicted.
On the one hand, yes that does seem hard. On the other hand, someone who was really focused on keeping costs down might have reasonably asked, "wait, why don't we move to northern Virginia?" But then again, the Federal Reserve normally makes over $50 billion a year, so maybe it seemed affordable.
Apple's spaceship HQ is much larger, has extensive underground infrastructure, uses ultra-high-end materials, and was built in an ultra HCOL with very high construction costs, and it cost just...
Apple's spaceship HQ is much larger, has extensive underground infrastructure, uses ultra-high-end materials, and was built in an ultra HCOL with very high construction costs, and it cost just $5bn.
I think sometimes it's just more efficient to tear a building down and build something new.
The regular website didn't block me for some reason, so here are some quotes:
[...]
[...]
[...]
On the one hand, yes that does seem hard. On the other hand, someone who was really focused on keeping costs down might have reasonably asked, "wait, why don't we move to northern Virginia?" But then again, the Federal Reserve normally makes over $50 billion a year, so maybe it seemed affordable.
Apple's spaceship HQ is much larger, has extensive underground infrastructure, uses ultra-high-end materials, and was built in an ultra HCOL with very high construction costs, and it cost just $5bn.
I think sometimes it's just more efficient to tear a building down and build something new.
archive.is didn't work for this one.