Breaking Down the Cost of Calatrava’s World Trade Center Oculus

Breaking Down the Cost of Calatrava’s World Trade Center Oculus, via The Real Deal
via The Real Deal

Twelve years after Santiago Calatrava revealed his design for the World Trade Center Oculus, the PATH station finally opened to the public in March. Although not officially confirmed by the Port Authority, the total cost of the Oculus is estimated to be nearly four billion dollars – almost double the original budget.The Real Deal has broken down the big-ticket costs that went into the making of the Oculus.

The design of the structure, building underneath the subway line, and Hurricane Sandy, among other reasons, all contributed to the extreme increase in the budget. The overall architectural design cost alone totaled roughly 405 million dollars, the skylight, which will open once a year on September 11, cost 32 million dollars, and the construction costs swallowed almost one billion dollars.

Read more about the big-ticket fees of the decade long construction, here.

News via The Real Deal

Architecture Ranked as 10th Best Entry-Level Job out of 109 Professions

Architecture Ranked as 10th Best Entry-Level Job out of 109 Professions, © wavebreakmedia via Shutterstock
© wavebreakmedia via Shutterstock

Architects are famously cynical about the long hours and over-education required for what can be a thankless career. But in a recent study conducted by WalletHub, “2016’s Best & Worst Entry-Level Jobs”, recent grads and seasoned professionals alike may be surprised to find that “architect” is ranked 10th out of 109 evaluated professions. Read on to find out how they calculated their result.

The study’s assessment hinged on 11 key metrics outlined below:

Immediate Opportunity

  • Median Starting Salary
  • Number of Job Openings
  • Unemployment Rate

Growth Potential

  • Projected Job Growth by 2024
  • Income Growth Potential
  • Typical On-the-Job Training
  • Median Annual Salary
  • Median Tenure with Employer
  • Occupation Viability Score (the probability of a certain occupation being replaced with a computer)

Job Hazards

  • Number of Fatal Occupational Injuries per 100,000 Employees in Past Three Years
  • Typicality of Working More than 40 Hours per Week

Establishing that most job-market newcomers are seeking a career that combines a high starting salary with long term growth potential and increasing responsibility, architects scored 60.39 in WalletHub’s data set, trailing top-ranked engineers (score of 69.67) by less than 10 points. That being said, the study doesn’t appear to consider the debt that many architects graduate with, and it also doesn’t specify where this study was conducted. Also, though many of the top professions could be based in cities, architecture firms seem to hold affinities to urban environments above other careers, adding cost-of-living as a potential gouge to earnings. Nonetheless, the information should be reassuring to those deciding if they would like to pursue a career in architecture and also to the long term viability for the profession.

Sources for the Study: Data used to create these rankings were collected from the U.S. Bureau of Labor Statistics, Oxford Martin School at the University of Oxford, Indeed.com and Salary.com.

Main image via Shutterstock.com

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