{"id":6048,"date":"2010-10-26T07:12:08","date_gmt":"2010-10-26T11:12:08","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=6048"},"modified":"2010-10-26T07:41:08","modified_gmt":"2010-10-26T11:41:08","slug":"cost-overruns-are-typical-but-this-is-excessive","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2010\/10\/26\/cost-overruns-are-typical-but-this-is-excessive\/","title":{"rendered":"Cost overruns are typical, but this is excessive"},"content":{"rendered":"

Canada’s parliament buildings have been sporadically under repair since 1992. The original estimate for all required work was $460 million. It has, of course, gone well past that budget<\/a>:<\/p>\n

\n

The cost of renovating Parliament Hill is expected to hit $5 billion by the time the 25-year project wraps up, CBC reported Monday.<\/p>\n

According to documents released by the Department of Public Works, the repairs to almost every building on Parliament Hill, originally pegged to be $460 million in 1992, will have ballooned to more than 10 times that amount upon completion.<\/p>\n

Renovations started on the aging buildings in 1992, when builders began renewing Parliament\u2019s West Block. The project was shelved in 1998, then restarted in 2005, with an estimated budget of $769 million. That total has since risen to more than $1 billion, according to CBC.<\/p>\n<\/blockquote>\n

As Ezra Levant<\/a> points out, “Burj Dubai, world’s tallest building, only cost $4.1B”.<\/p>\n

Update<\/b>: Ezra also pointed out<\/a> that the “Bank of China tower in Hong Kong was $1.66B. Taipei 101 was $2B. “.<\/p>\n","protected":false},"excerpt":{"rendered":"

Canada’s parliament buildings have been sporadically under repair since 1992. The original estimate for all required work was $460 million. It has, of course, gone well past that budget: The cost of renovating Parliament Hill is expected to hit $5 billion by the time the 25-year project wraps up, CBC reported Monday. According to documents […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[356,6,84,53],"tags":[52,458],"class_list":["post-6048","post","type-post","status-publish","format-standard","hentry","category-architecture","category-cancon","category-government","category-politics","tag-absurd","tag-parliament"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-1zy","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/6048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=6048"}],"version-history":[{"count":3,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/6048\/revisions"}],"predecessor-version":[{"id":6053,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/6048\/revisions\/6053"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=6048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=6048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=6048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}