Why is Trump's Reflecting Pool Renovation Costing $13M?

Watch on YouTube ↗  |  May 30, 2026 at 00:16  |  2:22  |  Bloomberg Markets

Summary

The video covers President Trump's renovation of the Lincoln Memorial Reflecting Pool, including cost overruns and scrutiny over a no-bid contract. The project's price tag has risen from $1.8 million to $13.1 million, with an unusually high profit margin for the contractor. The president wants completion before July 4th.

  • President Trump is renovating the Lincoln Memorial Reflecting Pool.
  • The project cost has increased from $1.8 million to $13.1 million.
  • A no-bid contractor, Atlantic Industrial Coatings, is receiving an unusually high profit margin.
  • The National Park Service analysis found the profit margin adds at least $850,000 to the cost.
  • The Interior Department cites the tight deadline for the higher price.
  • Preservationist groups have sued to stop the work.
  • The president wants the project complete before the July 4th weekend.
Up Next