WTC Memorial Magnificent, but at a Steep Price

The roughly $700 million project will cost $60 million a year to operate

Sunday, Sep 9, 2012  |  Updated 1:58 PM EDT
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WTC Memorial Comes at a Steep Price

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Huge reflecting pools, waterfalls, skyscrapers and a cavernous underground museum under construction help make  the National Sept. 11 Memorial and Museum at the World Trade Center an awesome spectacle.

  But all that eye-welling magnificence comes with a jaw-dropping price tag. The foundation that runs the memorial and museum estimates that once the roughly $700 million project is complete, it will cost $60 million a year to operate.
 
The anticipated cost bothers some critics and raises concerns even among the memorial's allies that the budget may be unsustainable without a hefty government subsidy.
 
Officials at the memorial say they face unique challenges that make comparisons to other national memorials difficult. The foundation plans to spend at least a fifth of its annual operating budget, or around $12 million, on security because of terrorism fears.

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