Trade Center Rebuilding Faces Big Setback

The rebuilding of the World Trade Center, destroyed in the Sept. 11, 2001, attacks, won't be completed until the middle of the next decade, and will cost as much as $3 billion more than planned, according to people familiar with the matter.

(WSJ) -- The rebuilding of the World Trade Center, destroyed in the Sept. 11, 2001, attacks, won't be completed until the middle of the next decade, and will cost as much as $3 billion more than planned, according to people familiar with the matter.

The Port Authority of New York and New Jersey, which owns the 16-acre site in Lower Manhattan, is expected to release a report Monday detailing significant delays and cost overruns on construction there.

The report won't specify new completion dates or budget figures, but people familiar with the project say major components of it will be delayed one to three years and will cost $1 billion to $3 billion more than the current estimate of $15 billion. They caution that those estimates are preliminary and could shrink.