Monday, May 16, 2005

Does UN corruption NEVER end?

The UN wants to renovate their buildings in NYC, a project which real estate pros say should be cheaper than building anew. John Hinderaker of PowerLine in the Weekly Standard:
If these estimates are correct, only around 1,029,000 square feet will be renovated under the U.N.'s proposal. At a total cost of $1.2 billion, the project would then weigh in at over $1,100 per square foot.

Either of these figures is regarded by local real estate developers as stunning.
The various prominent sources in commercial real estate companies in Manhattan estimated costs could reasonably run from $50/sq foot to $250 /sq foot. Quite a range, but conditions vary.

Then the cute part: Donald Trump has his opinion: He, Donald Trump, mister high end real estate himself, put up a building three times the height for one third the cost of what the UN wants to spend renovate. Senator Jeff Sessions:
When the European asked how these numbers could happen, Mr. Trump said the only way would be because of incompetence, or fraud. That is how strongly he felt about this price tag because he pointed out to me that renovation costs much less than building an entirely new building. So he has a meeting with Mr. Annan, and they have some discussion. And Mr. Trump says these figures can't be acceptable. He told me in my conversation this morning, he said: You can quote me. You can say what I am saying. He said they don't know. The person who had been working on this project for 4 years couldn't answer basic questions about what was involved in renovating a major building. He was not capable nor competent to do the job. He [Trump] went and worked on it, and talked about it, and eventually made an offer. He said he would manage the refurbishment, the renovation, of the United Nations Building, and he would not charge personally for his fee in managing it. He would bring it in at $500 [million], less than half of what they were expecting to spend, and it would be better. . . . Yet he never received a response from the United Nations.
So, now that they can't use Saddam's oil to bribe the Russians and French and British and most importantly themselves, have they found another way to steal truck loads of money?

Does George Bush have the guts to throw these people out of the country? Does he have the guts to refuse to finance this?

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