Quote:
Originally Posted by badrunner
$2.5b sounds ridiculously high for that project considering that the Wilshire Grand came in at around $1b.
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Not that I'm at all knowledgeable about finance, but we're comparing two very different projects here.
Wilshire Grand involved demolishing an old building and replacing it with a single new tower.
Century Plaza involved carefully renovating an old building and building *two* new towers right next to it as part of a single integrated complex.
More than twice the cost sounds about right to me.