Trump Administration Seeks $18B For Border Wall Expansion

The Trump administration is requesting $18B from Congress to build a 700-mile U.S.-Mexico border wall.

The crosses on the border fence, which Trump wants to replace, represent migrants who died in the crossing attempt, some identified, some not.

The wall would be completed over 10 years and is expected to cost a total of $9B in the first half of the decade and $8.7B in the second, the Wall Street Journal reports. In May, President Donald Trump asked Congress for $1.6B to build and replace 74 miles of barriers. At the time, the wall was estimated to cost $22B total. This number is now anticipated to be closer to $33B when including security measures, technology and personnel.

Should Congress agree, the new wall would expand on the current 654-mile barrier separating Mexico and the U.S. When completed in 2027, the wall would be more than 1,000 miles long, covering almost half of the southwest border.

The request comes at a time when lawmakers and the White House are cracking down on illegal immigration and debating the future of policies such as the Dream Act, which  involves children of undocumented immigrants who were brought to the U.S. by their parents.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

CoStar To Acquire Aerial Imagery Company For $730M

BXP Execs See Better Returns In Building Offices Than Buying Them

JLL's Q3 Revenue Surges Amid Strong Leasing, Capital Markets Activity