Manitoba Hydro Place - Cost

Cost

MHP was constructed at a cost of C$278 m, or $400 per square foot. This would place the cost of the building much higher than local building developers would typically target for a city that is not expanding rapidly. The building was also financed internally, with a target construction payback period of more than 60 years rather than the much shorter typical return projection.

During the initial phase of construction, in 2006, engineers discovered a higher water table than anticipated. As the basement had originally been designed to accommodate numerous mechanical systems, the building underwent substantial redesign, including its foundation. A level of the basement was also eliminated during the redesign.

Read more about this topic:  Manitoba Hydro Place

Famous quotes containing the word cost:

    Now that is the wisdom of a man, in every instance of his labor, to hitch his wagon to a star, and see his chore done by the gods themselves. That is the way we are strong, by borrowing the might of the elements. The forces of steam, gravity, galvanism, light, magnets, wind, fire, serve us day by day and cost us nothing.
    Ralph Waldo Emerson (1803–1882)

    How much would it cost you to stand at the wrong end of a shooting gallery?
    S.J. Perelman, U.S. screenwriter, Bert Kalmar, Harry Ruby, and Norman Z. McLeod. Groucho Marx, Horsefeathers, Huxley College president to con artist Baravelli (Chico Marx)

    [M]y conception of liberty does not permit an individual citizen or a group of citizens to commit acts of depredation against nature in such a way as to harm their neighbors and especially to harm the future generations of Americans. If many years ago we had had the necessary knowledge, and especially the necessary willingness on the part of the Federal Government, we would have saved a sum, a sum of money which has cost the taxpayers of America two billion dollars.
    Franklin D. Roosevelt (1882–1945)