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:

    Keeping accounts, Sir, is of no use when a man is spending his own money, and has nobody to whom he is to account. You won’t eat less beef today, because you have written down what it cost yesterday.
    Samuel Johnson (1709–1784)

    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)

    Every new stroke of civilization has cost the lives of countless brave men, who have fallen defeated by the “dragon,” in their efforts to win the apples of the Hesperides, or the fleece of gold. Fallen in their efforts to overcome the old, half sordid savagery of the lower stages of creation, and win the next stage.
    —D.H. (David Herbert)