article thumbnail

Penn Station redevelopment takes another step forward following financing approval

Archinect

A key state oversight body approved the financing plan to redevelop Penn Station and its surrounding neighborhood Wednesday, greenlighting one of Gov. Kathy Hochul’s loftiest projects, which is estimated to cost a total of $22 billion.

Finances 246
article thumbnail

A utopic city, monument to a president's ego, maybe just a future "jungle resort"

Archinect

It is estimated that the construction of Nusantara will cost $38 billion, with 20 percent of that coming from the Indonesian coffers.But the vast majority of the metropolis – 80 percent of it – is to be financed by private investments.

Cities 173
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

A Guide On How To Get An Roof Estimate And Their Benefits 

The Architecture Designs

Obtaining a roof estimate is a wise decision as it provides you with an approximate idea of the cost of your roofing project. Guide To Getting An Estimate For Roof Project If the area of the roof is massive, it may not just take time to repair and maintain but will also cost you heavily on the pocket.

article thumbnail

Rome's Colosseum is worth a cool $79 billion, according to Deloitte

Archinect

Its estimate is derived principally from responses to a survey that begged Italians a variety of questions pertaining to the perception of the Colosseum, of which the overwhelming majority — $75 billion — was ascribed to “social value. Some 70% think the entire world should be tasked with financing its ongoing upkeep, wh.

Finances 245
article thumbnail

Saudi Arabia lowers predicted number of residents at The Line by 2030

Deezen

When the project was introduced, estimates for how many people would live in the mega city in northwestern Saudi Arabia by 2030 ranged from one million people to 1.5 Bloomberg has previously reported that the wealth fund is trying to find new cash sources to help finance the project. A source also said that just 2.4

Finances 145
article thumbnail

Boston turns to developer fees to fund flood protection infrastructure

BD+C

To address this threat, city officials have instituted developer fees as a condition to build in the area to help finance a seawall and other protective infrastructure. Cost estimates to protect the 191-acre area are as high as $124 million.

article thumbnail

MSG seeks to create "K-pop Sphere" for Hanam

Deezen

According to the newspaper, the entire K-Star World project would cost an estimated 2.5 billion), a third of which would be financed by Sphere's owner MSG Company. A Hanam city official told The Korea Economic Daily that the establishment of the MSG Sphere and K Star World is expected to take three to four years. trillion won (£1.5