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The city unveiled a soaring new Staten Island Ferry terminal at Whitehall in lower Manhattan yesterday, two years late and about $50 million over budget.
The terminal, which replaces an outdated facility that was heavily damaged by a 1991 fire, features five new escalators and a 75-foot-tall, glass-enclosed entry hall with views of the skyline.
The cost of the project, originally budgeted at $150 million when it was first bid out in 2000, climbed to $201 million by the time the facility was finished last month, said Andrew Alper, president of the city's Economic Development Corp., which oversaw the construction.
The increases were due to...