Renovation, construction, rent and operating costs for the new Varick Street location amounted to $45 million. In addition to raising these funds, WNYC raised money for a one-time fund of $12.5 million to cover the cost of creating 40 more hours of new programming and three new shows. The total cost of $57.5 million for both the move and programming is nearly three times the $20 million the station had to raise over seven years to buy its licenses from the City in 1997.