Did Anyone Not See This Coming?
Anyone? Anyone? Bueller?
- Chicago officials acknowledged publicly Friday for the first time that the expansion of O'Hare International Airport is over budget and running well behind schedule, blaming the setbacks largely on opponents of the project.
- The initial phase to expand the airport is about $400 million over budget, O'Hare officials told bond rating agencies last week. Delays, they said, have pushed back the original 2013 completion date.
- The officials attributed the overruns in the massive project to receiving federal approval of the airport expansion 14 months later than the city expected, costly litigation with O'Hare opponents that is stalling runway work and higher than expected land-acquisition costs. Those costs, originally projected at $800 million, have grown to $1.2 billion, officials said.
No wonder Daley is selling everything he can put a "for sale" sign on.