WASHINGTON, Aug. 5, 2016 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
Profile America--Friday, August 5th. On this day in 1966, a groundbreaking ceremony was held near the southern tip of Manhattan. On the site of a recently cleared neighborhood of low-rise buildings called Radio Row, work began on what would become the World Trade Center. The iconic twin towers, the landmark feature of the seven-building development, were briefly the tallest in the world after their completion in the early 1970s. The cost of the World Trade Center complex was around $1.5-billion. In 1966, the value of all new construction put in place totaled $76.4-billion. That's over $560-billion today. Currently, the annual value of new construction, both public and private, is on a pace to exceed $1.1-trillion, or nearly double the figure from 50 years ago. Profile America is in its 20th year as a public service of the U.S. Census Bureau.
Groundbreaking/accessed 6/10/2016: http://architectuul.com/architecture/world-trade-center
Estimated cost/accessed 6/10/2016: http://www.skyscraper.org/TALLEST_TOWERS/t_wtc.htm
Construction in 1966: Historical Statistics of the United States: Colonial Times to 1970, p. 618
Value today: http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=76%2C414&year1=1966&year2=2016
New construction: http://www.census.gov/construction/c30/pdf/release.pdf
Profile America is produced by the Center for New Media and Promotion of the U.S. Census Bureau. Statistics and accounts drawn from cited non-Census sources are employed for illustrative or narrative purposes, and are not attested to by the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Audio" in the "Library" pull-down menu).
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SOURCE U.S. Census Bureau