This US plan is 10 years late, $1.5B over budget


Construction on the Department of Homeland Security's new headquarters has already fallen behind more than 10 years, and now its completion faces more obstacles as Congress recommends slashing the project's budget or cutting it entirely.

The Obama administration has requested $323 million for the headquarters in fiscal 2015, but both houses of Congress have recommended cuts, The Washington Post reported. Already, construction is running more than $1.5 billion over budget as funding and political complications have pushed the estimated completion date back to 2026, the Post wrote.

Construction of Coast Guard Headquarters at St. Elizabeths.
Source: U.S. Coast Guard | Flickr

The General Services Administration is developing the headquarters on the grounds of St. Elizabeths, a onetime mental hospital. Although the project was supposed to be completed as early as this year, only one of about 50 structures planned to be built or renovated, a Coast Guard building, has been finished, the Post said.

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The Republican-led House Appropriations Committee recommended no funding for the project in fiscal 2015, while the Senate Appropriations Committee has recommended cutting the project by $25 million. Completing the headquarters by 2026 would require $280 million per year, more funding than the project has received in recent years, the Post estimated.

The Bush administration began the push for a centralized headquarters after the Sept. 11, 2001 terrorist attacks. DHS is split between 50 offices in the Washington area and some officials have claimed the split has slowed the agency's response times. Read The Washington Post's full story here.

— By CNBC staff