'A Bit of a Fiasco': Hundreds of Millions In Cost Overruns on New US Embassy in Mexico CBS News
go to original May 28, 2015

Critics say new American embassies are getting more expensive. (Washington Free Beacon)

It is an embassy that was supposed to cost $577 million to build, but the construction estimate has gone up by one third - and the State Department hasn't even broken ground yet.

No one disputes that the current U.S. Embassy in Mexico City is crowded, outdated and needs to be replaced. So four years ago the State Department bought a 15 acre plot in a former industrial district for $120 million. But there was a catch: the site had housed a Colgate-Palmolive factory for decades, which left behind hazardous waste. Colgate has been cleaning the site but it's been three and a half years and it's still not ready for construction.

"It's a bit of a fiasco," said Rep. Jason Chaffetz, R-Utah.

Read the rest at CBS News

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