MILLENNIUM TOWER RESIDENTS BILLED $6.8 MILLION FOR FIX OVERRUNS

With work finally over on the so-called fix of the Millennium Tower, residents are now saddled with a $6.8 million bill out of an estimated $20 million in cost overruns on the long delayed and troubled retrofit project. The ambitious project was originally billed as costing $100 million, relying on 52 piles sunk to bedrock to bolster the tower on two sides last fall.

But when the building experienced still more sinking and tilting during construction, the city intervened. The project ended up being cut to just 18 piles and being substantially completed by late August. The scaled back project ended up costing about $120 million, based on the accounting provided by tower homeowner’s association to residents.

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