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FEATURE: Report

Federal Reserve: Evaluation of the Eccles-1951 Renovation Project Management and Construction Costs

We undertook this evaluation to assess the Board’s oversight of the Eccles-1951 building renovation project and the construction costs associated with it, which have more than doubled from $921 million in the Board’s February 2020 renovation budget to $2.018 billion in the Board’s 2024 renovation budget (its most recently revised budget)

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