DerSpiegel – Andreas Wassermann – ECB Headquarters ECB Headquarters: Skyrocketing Costs for Skyscraper Project: Skyrocketing Costs For Skyscraper Project – 28 October 2013

spiegelonlineEstimated costs for the European Central Bank’s new headquarters in Frankfurt have more than doubled. As has been happening with so many major projects in Germany, its construction has been plagued by poor planning, oversight and execution — and endless delays.

Rain was falling on Frankfurt’s Ostend neighborhood as financial managers and local officials drove past dark corner bars, betting offices and the Amor sex shop to the site of the future headquarters of the European Central Bank (ECB).

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