By 2004, Geffen had removed "Chinese Democracy" from its release schedule and withdrawn funding, stating: "Having exceeded all budgeted and approved recording costs by millions of dollars, it is Mr. Rose's obligation to fund and complete the album, not Geffen's." Around that time, manager Merck Mercuriadis said the album was close to complete. According to a March 2005 "New York Times" article, production costs for the album had reached $13 million, making it probably the most expensive recording "never made". Mercuriadis dismissed the article, writing in a letter that the newspaper's sources had not been involved with the project for several years. At one point, the band was using a budget of almost $250,000 a month. Rose said the expense would be negated by the recording sessions yielding multiple albums.