Ferry Point golf course construction cost reaches $236 million

The construction cost for the 190-acre Trump Golf Links at Ferry Point in the Bronx is estimated at $236 million, or 10 times the price previously consigned to it.

The exorbitant price tag for the construction includes the $181.4 million putting green and an adjacent $54 million 30-acre water parkland and esplanade, the New York Daily News reports, citing the Independent Budget Office (IBO).

According to the ENR Construction Cost Index, material costs were up 0.5 percent on a year-over-year basis.

Building costs were up 1.4 percent on an annual basis and the overall construction cost also shot up 2.8 percent on a year-on-year basis.

The story of the construction of the Ferry Point golf course is nothing short of a history lesson.

According to the IBO, costs have gone up by $32 million for the course and $13 million for the nearby parks.