It might not look like it, but New York City’s recently completed One World Trade Center is now the most expensive building in the world—by a very large margin. Although 1 WTC is a far cry from the world’s tallest skyscraper, the prismatic structure’s $3.9 billion price tag is double the cost of Las Vegas’ Palazzo and London’s Shard, the two $1.9 billion second-place finishers. The staggering numbers were recently put into perspective in a chart of the ten most expensive skyscrapers in the world published by real estate data mining company Emporis.
Clocking in at the symbolic height of 1,776 feet, 1 WTC is surprisingly more than double the cost of the world’s tallest building, the $1.5 billion, 2,722-foot-tall Burj Khalifa. According to the Wall Street Journal, the reason for the expensive price tag is largely due to security costs and the high price of labor, which is much lower in countries such as Dubai and China.
Notorious for its delays and cost increases, the 16-acre World Trade Center site reportedly paid for its climbing construction expenses through the area’s transportation budget and increased bridge and tunnel tolls. One World Trade Center welcomed its first tenants early last month and is currently the tallest building in the Western Hemisphere.
Image via Emporis