Steiner will pay for the construction, estimated to cost $140 million, and will collect rent from the businesses there, including Wegmans.
Aside from over $1 billion in overruns on the construction, more than $600 million for fabricating the nuclear fuel pellets, or targets, for the laser should have been included in the original construction estimates, but were not, the report said.
Hopkins wrote in an email that a funding plan is to be presented to the City Council once the design and construction estimates are completed.
These bounds rely on an improvement of the "vortex-balls construction" estimates by extracting a new positive term in the energy lower bounds.
A variety of local politicians and industry experts say the plan is akin to pouring money down the drain, that construction estimates are far too low, and that there are cheaper and less disruptive alternatives.
She said the extra £900m for the venues, in part reflected a doubling in the price of steel, since the original construction estimate.
After six years of increasingly costly construction estimates, the recycling plant, which would have provided newsprint to the city's newspapers, is now dead, said its developer, Morse Diesel International.
While the official construction estimate is five years and three months (63 months), others calculate that it will take significantly longer, over seven years, based on the duration of Burj Khalifa's construction, which was over six years.
Because cities bid for the Games nine years in advance, construction estimates can be tricky.
