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CFPB Renovation Costs Now Exceed $215 Million - $120 Million More Than Previous Estimate
Posted to: Around The Web
Wednesday, July 02, 2014 6:03 AM

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CLICK HERE TO VIEW THE REPORT The cost of renovating the CFPB's rented headquarters has spiraled to more than $215 million – $65 million more than the agency's estimate just six months ago and $120 million more than last year's estimate, according to the Federal Reserve's Inspector General. It also equals more than $590 per square foot being renovated at the CFPB's rented headquarters.  That means the CFPB is spending much more per square foot than it cost to build the Trump World Tower ($334/square foot), the Bellagio Hotel and Casino ($330/square foot) and the Burj Khalifa in Dubai ($450/square foot). The renovation project has been mired in controversy.  For more than a year, members of the House Financial Services Committee have questioned CFPB officials


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