The cost to renovate the Lincoln Memorial Reflecting Pool has skyrocketed to $13.1 million, ballooning more than sevenfold from Donald Trump's initial $1.8 millionThe cost to renovate the Lincoln Memorial Reflecting Pool has skyrocketed to $13.1 million, ballooning more than sevenfold from Donald Trump's initial $1.8 million

Trump admin unable to explain 'serious injury' threat as reflecting pool costs explode

2026/05/12 01:27
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

The cost to renovate the Lincoln Memorial Reflecting Pool has skyrocketed to $13.1 million, ballooning more than sevenfold from Donald Trump's initial $1.8 million estimate — with little public explanation for why the price tag exploded for a no-bid contract awarded to a Trump administration-handpicked contractor.
According to reporting from The New York Times, Virginia-based Atlantic Industrial Coatings received the lucrative no-bid contract for the project. The Trump administration bypassed the requirement to seek competing bids by claiming the situation was so urgent that any delay would cause "serious injury" to the government — though the administration has continued to refuse to explain what that injury would entail.
Instead, the administration cited Trump's desire to complete the work before the nation's 250th birthday on July 4.
Public contracting records, examined by the Times' David A. Fahrenthold and Luke Broadwater, do not explain why the cost increased so dramatically. Katie Martin, a spokeswoman for the Interior Department, claimed the higher price "reflects the effort necessary to expedite the timeline of completing the leak prevention coating project — more people, more materials, more equipment and longer hours ahead of our 250th."
However, government documents obtained by The New York Times reveal that the contract's current $13.1 million value matches, down to the dollar, an offer submitted by Atlantic Industrial Coatings in mid-May. That offer included a 20 percent profit margin for the contractor.
On Monday, the Cultural Landscape Foundation, a nonprofit dedicated to landscape architecture, filed a lawsuit in U.S. District Court seeking to halt the paint job. The foundation argues that the Trump administration ignored a federal law requiring advance scrutiny of projects that alter historic landmarks.
The ballooning contract cost and lack of competitive bidding raise questions about whether taxpayer money is being steered to politically connected contractors under the guise of emergency expedited timelines, the Times is reporting.

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$2.442
$2.442$2.442
+0.57%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

KAIO Global Debut

KAIO Global DebutKAIO Global Debut

Enjoy 0-fee KAIO trading and tap into the RWA boom