Mayor Bloomberg has slammed the results of an audit that called the Port Authority "a challenged and dysfunctional organization" with "ineffective cost controls," saying that the cost of the World Trade Center memorial is worth it for the sake of New York's reputation.
"Can you imagine? If America couldn't have come up with a memorial by the 10th anniversary, I would suggest that the press would have had a field day. It would have been an embarrassment around the world," Bloomberg told DNAinfo.
Bloomberg cited several factors which have contributed to the high cost of building the World Trade Center memorial, including bureaucratic struggles over permits and land ownership, the architectural problems caused by subway lines that run near the site, and the loaded political significance of the project. More »