An allowable cost is a cost that can be paid by your contract or grant. UCSD considers a cost to be allowable when it meets the following tests: 1  The cost is reasonable; it reflects what a prudent person might pay.
Why wasnât it built? The design proved too expensive and complex to realize in Tatlinâs day, and he only managed to complete a few wooden scale models. However, thereâs some evidence that a group called Tatlinâs Tower and the World is planning to build a full-scale version of the monument. Unfortunately, they only plan to build it in separate sections, which will be housed in different venues.
The Willis Tower gets more than $25 million annually, and Riggs said naming rights could boost that when they expire. The agreement was between Blackstone Real Estate Partners VII and 233 South Wacker Drive LLC. The owners paid $841 million for the property in 2004. The building was the worldâs tallest from when it opened in 1973 until 1998. On a square-foot basis, the price for the Willis Tower was about $340, a fraction of what trophy towers fetch in major cities, MarketWatch said.