Cost of Trade Center Tower Rises

Associated Press

One World Trade Center, 90 floors up so far and scheduled for completion in 2013, rises above the lower Manhattan skyline and the Hudson River.

The price tag for One World Trade Center, the signature skyscraper under construction at Ground Zero in New York, has risen to more than $3.8 billion, making it by far the world's most expensive new office tower, according to people familiar with the matter.

The new figure, up $700 million from the latest public estimate, marks another twist in the rebuilding of the site of the Sept. 11, 2001, terrorist attacks. The process has been marked by thorny political challenges and ever-lengthening construction delays.

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