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Why Does Renovating the Fed Cost $2.5 Billion? Asbestos, Height Limits, Lead
The yearslong project to overhaul the U.S. central bank’s headquarters in Washington, D.C., has run into multiple hurdles, including higher-than-expected groundwater at the site.
Mr. Trump goes to the Fed. A curious encounter follows.
Fed staff told reporters that it would have been less expensive to just build a new building rather than restore the two historic properties.
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