New York’s new city building insulation program is going to cost more than $3.5 billion, but that’s not all the money the city plans to spend on the project.
New York Mayor Bill de Blasio says the city’s entire building insulation system is going up for bids in 2020, and that’s just a fraction of what the city will spend.
The city is building more than 300,000 square feet of insulation for every apartment in the city.
The total cost of building this system is expected to be $4 billion.
The insulation will be installed in all city buildings, including the Metropolitan Museum of Art and the City Hall.