City Observatory — - Latest News and Information
The Interstate Bridge Replacement (IBR) has released a new cost estimate of $13.5‑$15.2 billion, more than double the original $6 billion projection. Phase I, advertised at $7.5 billion, is backed by only $5 billion in identified revenue, leaving a shortfall of over $10 billion. The estimate excludes major items such as the $488 million bridge demolition and a $1.2 billion surge in staff and consultant fees. Construction is slated to begin in 2028 with less than a third of the required funding secured.
Many U.S. cities mandate two separate exit stairways per multifamily unit, inflating construction costs and limiting design flexibility. Advocates like Mike Eliason and Steven Smith argue that single‑stair buildings are safe, more ventilated, and can reduce unit prices. Recent analyses...
