Cost Of MoMA Construction Going Up

“The cost of the Museum of Modern Art’s new complex is going up. “Since the museum broke ground in May 2001 the expansion has grown significantly in both scope and expense. To date there have been $31 million worth of changes to the original plans, along with unbudgeted expenses totaling $21 million. That brings the total cost to $858 million from the original figure of $806 million. And with 18 months to go before the Modern is to open its doors once again on West 53rd Street in Manhattan, museum officials still need to raise more than $200 million to pay for the project.”