flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Budget busters: Report details 24 of the world's most obscenely over-budget construction projects

Budget busters: Report details 24 of the world's most obscenely over-budget construction projects

Montreal's Olympic Stadium and the Sydney Opera House are among the landmark projects to bust their budgets.


By BD+C Staff | October 2, 2014
The Sydney Opera House was 1,357% over budget and completed 10 years past deadli
The Sydney Opera House was 1,357% over budget and completed 10 years past deadline. Photo: Wikimedia Commons

Today’s buildings come with multi-million dollar price tags. As if that’s not hefty enough, many famous projects go over budget—and by a whopping margin. Montreal's Olympic Stadium, for instance, ended up 1,990% over budget.

Architecture website Architizer shares an interactive graph by Podio, called Monumental Budget Busters, that visualizes 24 iconic projects from around the world that ended up severely over budget, either in years or money.

Topping the list are the Sydney Opera House and the Hubble Space Telescope; both projects far exceeded their original financial budget and schedule. 

Visit Podio to play around with the Monumental Budget Busters interactive graph.

 

Related Stories

Education Facilities | Jul 26, 2022

Malibu High School gets a new building that balances environment with education

  In Malibu, Calif., a city known for beaches, surf, and sun, HMC Architects wanted to give Malibu High School a new building that harmonizes environment and education.

| Jul 26, 2022

Better design with a “brain break”

During the design process, there aren’t necessarily opportunities to implement “brain breaks,” brief moments to take a purposeful pause from the task at hand and refocus before returning to work.

Building Team | Jul 25, 2022

First Ismaili Center in the U.S. combines Islamic design with Texas influences

Construction has begun on the first Ismaili Center in the U.S. in Houston. 

Codes and Standards | Jul 22, 2022

Office developers aim for zero carbon without offsets

As companies reassess their office needs in the wake of the pandemic, a new arms race to deliver net zero carbon space without the need for offsets is taking place in London, according to a recent Bloomberg report.

Codes and Standards | Jul 22, 2022

Hurricane-resistant construction may be greatly undervalued

  New research led by an MIT graduate student at the school’s Concrete Sustainability Hub suggests that the value of buildings constructed to resist wind damage in hurricanes may be significantly underestimated.

School Construction | Jul 22, 2022

School integrating conventional medicine with holistic principles blends building and landscape

Design of the new Alice L. Walton School of Medicine in Bentonville, Ark., aims to blend the building and landscape, creating connections with the surrounding woodlands and the Ozark Mountains.

Market Data | Jul 21, 2022

Architecture Billings Index continues to stabilize but remains healthy

Architecture firms reported increasing demand for design services in June, according to a new report today from The American Institute of Architects (AIA).

Market Data | Jul 21, 2022

Despite deteriorating economic conditions, nonresidential construction spending projected to increase through 2023

Construction spending on buildings is projected to increase just over nine percent this year and another six percent in 2023, according to a new report from the American Institute of Architects (AIA). 

Mixed-Use | Jul 21, 2022

Former Los Angeles Macy’s store converted to mixed-use commercial space

Work to convert the former Westside Pavilion Macy's department store in West Los Angeles to a mixed-use commercial campus recently completed.

Building Team | Jul 20, 2022

San Francisco overtakes Tokyo as the world’s most expensive city for construction

San Francisco has overtaken Tokyo as the world’s most expensive city for construction, according to a new report from Turner & Townsend.

boombox1
boombox2
native1

More In Category


Healthcare Facilities

Watch on-demand: Key Trends in the Healthcare Facilities Market for 2024-2025

Join the Building Design+Construction editorial team for this on-demand webinar on key trends, innovations, and opportunities in the $65 billion U.S. healthcare buildings market. A panel of healthcare design and construction experts present their latest projects, trends, innovations, opportunities, and data/research on key healthcare facilities sub-sectors. A 2024-2025 U.S. healthcare facilities market outlook is also presented.



halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021