The Costly United Nations

The U.N. headquarters is getting a facelift — at our expense

Behind schedule and over budget — and still the U.N.’s Capital Master Plan (CMP) is getting high grades. “The first major renovation of the 60-year-old headquarters has been slowed by extra security measures,” the Associated Press reports, noting that “The final cost will be nearly $2 billion — about 4 percent over the original budget.” Still, the article leaves the general impression that the CMP has done a heckuva job of cost containment.

Really?

That 4 percent overrun amounts to real money — more than $80 million. But that’s chump change compared to the real stakes in this story.

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