What burns me is that they are doing this on a foundation that has to be sand all the way down to China (or whatever is on the other side from where they are...), and all we can build on the granite foundations of Ground Zero is the dorky-in-the-extreme Freedom Tower.
One thing I have to admire about them is that given all this cash - they are implicitly saying screw the environmentalists. Do you realize how difficult it would be to propose building man made offshore islands in the U.S.? You couldn't live long enough to see the end of the Environmental Defense Fund, Sierra Club, etc., etc. etc. lawsuits.