By October 2006, more than a year after the initial announcement, Trump Jr. revealed that a sharp spike in the cost of labor and materials after the storm -- which doubled the estimated cost of the project, to $400 million -- meant the project was to be scaled back a bit. It would still be the tallest building in the city, though. So it had that going for it.
In March 2007, the project cleared its last regulatory hurdle before the City Council. A summer groundbreaking was expected. "This is Trump," Councilwoman Stacy Head told her colleagues in asking for approval. "Woo-hoo."
Friday, June 17, 2016
Always fun when someone finds an excuse to drag this quote up again.