[Retric]

I don't think they did a good job, but your cost estimates are rather divorced from reality. Inflation is a poor way to measure projects like this. Construction costs in the short term are only loosely coupled with overall inflation. Consider the just price of copper: http://www.nasdaq.com/markets/copper.aspx?timeframe=10y Though most construction raw materials had similar price swings.

Anyway, the project finished in 2007 amid a huge housing boom in the US which significantly increased costs. A well managed project could have probably been ~30% cheaper, but the much of the "190%" over run was well outside the projects scope.

For comparison the hover dam is generally thought of as a well executed project despite ~98 directly related fatalities during construction. IMO, we have become vary critical of large construction projects in large part because rebuilding infrastructure is simply far more complex than clean slate construction in the middle of the wilderness, and even worse it negatively impacts peoples lives during construction. Especially in places like HN considering how few software projects are on time and under budget.