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:

    Apparently, a democracy is a place where numerous elections are held at great cost without issues and with interchangeable candidates.
    Gore Vidal (b. 1925)

    The true reformer does not want time, nor money, nor coöperation, nor advice. What is time but the stuff delay is made of? And depend upon it, our virtue will not live on the interest of our money. He expects no income, but outgoes; so soon as we begin to count the cost, the cost begins. And as for advice, the information floating in the atmosphere of society is as evanescent and unserviceable to him as gossamer for clubs of Hercules.
    Henry David Thoreau (1817–1862)

    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)