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Transcripts for CNN Cuomo Prime Time 20240604 01:22:00

what does that mean? in the time between the 2018 report and that letter, the cost ballooned nearly 70%. why? well, the letter blames rising construction costs. the costs for all sectors of construction in the area only rose about 12.9%. that s a lot, to go to 12% or 13%, but why did the problems get that much more expensive in three years? let s try to get some perspective on that. and how do we understand the language in these reports? someone who writes them, someone who studies them, someone who does the investigating. a structural engineer familiar with the building that fell, greg batiste. thank you for coming back. good evening. help me with the money. this got much more expensive. the condo lawyer told us, hey, they could have had cash reserves. the board members kept voting it down so they needed to do a major assessment. it took them more time to raise the money. is that what they re talking about, or was there some fixed

Transcripts for CNN Cuomo Prime Time 20240604 05:24:00

ballooned nearly 70%. why? well, the letter blames rising construction costs. the costs for all sectors of construction in the area only rose about 12.9%. that s a lot, to go to 12% or 13%, but why did the problems get that much more expensive in three years? let s try to get some perspective on that. and how do we understand the language in these reports? someone who writes them, someone who studies them, someone who does the investigating. a structural engineer familiar with the building that fell, greg batista. thank you for coming back. good evening. help me with the money. this got much more expensive. the condo lawyer told us, hey, they could have had cash reserves. the board members kept voting it down so they needed to do a major assessment. it took them more time to raise the money. is that what they re talking about, or was there some fixed cost or some shortage of suppliers to do this kind of work that ballooned expenses?

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