The ECB has a beautiful new headquarters being built. It is only 48 stories tall (185 m), yet the cost is soaring to over 1.2 billion euros ($1.6 billion), and the completion date has been pushed back to 2014. This is more expensive than the Burj Khalifa, which only cost $1.5 billion.
"The cost blowout comes as the ECB castigates profligate European governments for failing to control their own spending. It’s also another setback for a construction project that was delayed in 2008 when bids exceeded the ECB’s budget in the initial tender process. The building was originally scheduled for completion in 2011."
--http://www.businessweek.com/news/2012-09-20/ecb-says-cost-of-new-frankfurt-skyscraper-soars-by-up-to-41-percent
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