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Submitted by Anonymous on
Where do local mayors get the kind of capital needed to build new mini-cities. We had some experience with something similar here in Vancouver, with the building of the Athlete's Village, a multi-building residential complex. The pricetag for 11,000 residential units, plus restaurant and office space in approx. 11 buildings over an area of 600,000 square feet, was $1 billion. Admittedly construction costs are likely higher in Vancouver, but these things are relative. The cost of these ghost cities must be enormous.