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The cost of building the world’s skinniest skyscraper has ballooned so enormously that the 111 W. 57th St. project is facing imminent foreclosure while it’s less than one-quarter complete.

The 82-story skyscraper has risen fewer than 20 stories and is $50 million over budget.

[…]

“Apparently they omitted some very significant items in their budget including cranes, which are very expensive in New York and can run into the millions of dollars”

{ NY Post | Continue reading }





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