Analysts said the total project could be worth $4bn.
Total project costs, she said, "are in the neighborhood of $35 million".
"The total project consumed 10.5 people years of effort," he writes.
At the time he estimated the total project would cost between $10-$10-$12bn would be finished by 2014.
Almost $52 million has been spent so far; the total project is to cost more than $100 million.
Mr. Duffield said the total project cost $150,000, most of which was paid by the association.
"The developer had failed to meet the deadline for securing written financial commitments for total project funding," said Warner Johnston, a spokesman for the parks department.
The visual arts centre had a disastrous construction history, leading to overruns of cost and time, while the theatre kept to its £25.6m total project budget.
Peter Lewis, the museum's chairman, has committed to finance at least 25percentt of the total project cost, Mr. Krens said.
Then, he said, the committee submitted the total project to the board -- including Mrs. Weill -- on the narrower question of whether to move forward.
"A good portion of the total project now is being spent on stonework," said Janet Perreca, an agent with Coldwell Banker Mabel Lamb in New Canaan.
