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Sep 9, 2012 2:26 PM by Matt Stafford

WTC memorial magnificent, but at a steep price

NEW YORK (AP) - Huge reflecting pools, waterfalls, skyscrapers and a cavernous underground museum under construction help make the National Sept. 11 Memorial and Museum at the World Trade Center an awesome spectacle.

But all that eye-welling magnificence comes with a jaw-dropping price tag. The foundation that runs the memorial estimates that once the roughly $700 million project is complete, it will cost $60 million a year to operate.

The anticipated cost bothers some critics and raises concerns even among the memorial's allies that the budget may be unsustainable without a hefty government subsidy.

Officials at the memorial say they face unique challenges that make comparisons to other national memorials difficult. The foundation plans to spend at least a fifth of its annual operating budget, or around $12 million, on security because of terrorism fears.

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