Think your construction project is having a hard time keeping to its budget? This should help you keep things in perspective. Not surprisingly, all of these buildings are big and all of them required special engineering and architectural design feats that made steel and metal building fabrication a necessity.
Enjoy reading this list of Who's Who (or should we say, "What's What") when it comes to the most expensive buildings ever constructed in the United States. These figures are adjusted to reflect inflation as of 2012.
The Cosmopolitan Las Vegas (approx. $4.16 billion). Typically, we associate lots of money with trouble-free ease. Unfortunately, being the most expensive building in America didn't grant The Cosmopolitan any favors when it came to ease of construction, budget or financing. In fact, this building went through a series of loan denials, foreclosures and investment switches before construction was completed.
The Cosmopolitan offers serious underground parking, which meant the 70-foot high underground parking lot was largely completed before construction of the building began. It has almost 3,000 rooms, 100,000+ square feet of casino space and roughly 300,000 square feet of dining and retail space. Even so, the hotel has failed to turn a profit as of May of 2014. The Cosmopolitan was recently sold by Deutsche Bank to Blackstone Group for $1.73 billion.
One World Trade Center (approx. $3.8 billion). Perhaps this is cheating a little since, in fact, One World Trade Center (also referred to as 1WTC or Freedom Tower) is actually comprised of two buildings. It's located in lower Manhattan at the site of the new World Trade Center and is the tallest skyscraper in the western hemisphere. One WTC is 94-stories tall, and while the steel framing was completed on August 30, 2012, the final components of the spire weren't added until May 10, 2013. The spire allows the structure to reach 1776 feet, a total specifically chosen to symbolize the year the U.S. Declaration of Independence was signed.
The building and the memorial site, are all built to honor and memorialize the terrorist attacks of September 11, 2001. One interesting feature regarding the construction of 1WTC involves the safety system, called a cocoon scaffolding system, which was used to protect the laborers who constructed the tall steel structure.
Bellagio (approx. $2.29 billion). You probably aren't surprised to learn that Number 3 on the List of The Most Expensive American Construction Projects of All Time is another Las Vegas hotel (as is Number 4, just to provide a little preview...). The Bellagio is owned by MGM Resorts International and was constructed on the site where the historied Dunes hotel had been located before it. Bellagio is inspired by the lake town of Bellagio located in Italy and the Fountains of Bellagio, famous for their regular water and light show, commemorate its namesake.
Bellagio's main tower is 508 feet tall, comprises 36 floors and has 3016 luxury hotel rooms. The hotel's general design and theme are the brainchild of famous American business magnate Steve Wynn. Total construction of Bellagio, including the 4-story underground parking garage, took nearly two years to complete and the opening ceremony alone was reported to cost around $88 million dollars, so take that into account when planning your next commercial building ribbon cutting
The Palazzo (approx. $2.05 billion). We spoiled the location of Number 4, The Palazzo, which is another Las Vegas wonder. It's located between The Wynn and The Venetian on the Las Vegas Strip and is considered the tallest completed building in Nevada to date. The Palazzo is named the Largest Hotel in the World by the Guinness Book of World Records, and is also considered to be the largest building in the United States in terms of floor square-footage - which totals somewhere around 6,948,980 square feet - trumping the record previously held by The Pentagon.
The Palazzo hotel and resort has a tower that is 642 feet high, 3,068 all-suite rooms and 375 concierge-level suites. It also holds the honor of being the largest LEED-certified building in the nation.
Yankee Stadium (approx. $1.63 billion). Isn't it fitting that at least one of these buildings reflects the interests of middle-America? As such, we're pleased to announce that the 5th most expensive building ever constructed in the United States is Yankee Stadium. The stadium is located in the South Bronx of New York City and will soon be the home of the New York City Football Club. Construction was bitter sweet for many Yankee fans since the construction of the new Yankee Stadium in 2008 meant the destruction of the old stadium, which had housed the Yankee empire since 1923.
The new stadium was designed to honor much of the former stadium's architecture but the interior was expanded to accommodate 4,300 club seats and 68 luxury suites.