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 President has paid dear for his White House. It has commonly cost him all his peace, and the best of his manly attributes. To preserve for a short time so conspicuous an appearance before the world, he is content to eat dust before the real masters who stand erect behind the throne.”
—Ralph Waldo Emerson (1803–1882)
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—Henry David Thoreau (1817–1862)
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