New White House ballroom to cost under $400m – Trump
May 6, 2026 3:23 pm
US President Donald Trump. Photo: AFP
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U.S. President Donald Trump has said the proposed new ballroom at the White House will cost under $400 million, attributing the higher price tag to a major expansion of the original design.
In a statement on his X handle on Wednesday, Trump explained that the project was significantly upgraded following detailed assessments, resulting in a larger and higher-quality facility than initially planned.
“The only reason the cost has changed is that, after deep-rooted studies, it is approximately twice the size, and a far higher quality, than the original proposal,” he said.
He noted that the original estimate stood at $200 million, but said the revised project, now double in size, would still come in below $400 million.
“The original price was 200 Million Dollars, the completed project will be something less than 400 Million Dollars,” he said.
Trump emphasised that the expansion was necessary to accommodate major national events, official meetings, and future inaugurations.
“It would not have been adequate to handle the necessary events, meetings, and even future Inaugurations,” he added.
He also described the project in strong terms, highlighting its intended quality and security.
“It will be magnificent, safe, and secure!” he said.
He dismissed reports suggesting the project had experienced cost overruns, accusing sections of the media of misrepresenting the changes.
“This was a necessary change, but the Fake News failed to report it, trying to make it look like there was a cost overrun,” Trump said.
He further stated that construction is progressing quickly and remains on track.
“Actually, it is coming in ahead of schedule, and under budget!” he said.
Gilbert Ekugbe is a journalist at Punch Newspapers with over a decade of experience reporting on business and economic affairs. He covers markets, corporate developments, finance, and Nigeria’s broader economic landscape. His reporting is informed by extensive newsroom experience and a strong commitment to accuracy and responsible journalism, helping readers understand complex business issues.
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