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:
“The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.”
—Henry David Thoreau (1817–1862)
“It breedeth no small offence and scandal to see and consider upon the one part the curiosity and cost bestowed by all sorts of men upon their private houses; and on the other part the unclean and negligent order and spare keeping of the houses of prayer by permitting open decays and ruins of coverings of walls and windows, and by appointing unmeet and unseemly tables with foul cloths for the communion of the sacrament.”
—Elizabeth I (1533–1603)
“Apparently, a democracy is a place where numerous elections are held at great cost without issues and with interchangeable candidates.”
—Gore Vidal (b. 1925)