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Old Posted Dec 26, 2017, 11:20 PM
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Cash-strapped Greek Orthodox church stops work on WTC shrine

Severe financial mismanagement has prompted the Greek Orthodox Archdiocese of America to stop work on its St. Nicholas shrine at the World Trade Center.

The archdiocese, which raised $37 million in donations to pay for the Santiago Calatrava-designed shrine, ran out of funds, the New York Times reported. “Effective Dec. 5, 2017, Skanska USA has terminated its contract with the Greek Orthodox Archdiocese of America on account of GOA’s defaults in making payments,” Thomas Perry, the director of the project, wrote in a letter sent to subcontractors.

The Byzantine-inspired structure, which is to be sheathed in marble, was projected to cost $20 million when the design was announced in 2013. But that number ballooned to $35 million by the time the ground was broken in 2015. When the church’s 50-foot dome was completed in 2016, the figure was $40 million. As of this month, the cost had reached $78 million — with only $49 million pledged.
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