It cost $49 million to build the Hoover Dam. But remember that this was in the 1930’s, so $49 million was a lot more back then.
Six companies bid $48.9 million for the project for the dam in 1931, which in today’s money would be about $577 million. All-in-all, the Hoover Dam project, or the Boulder Canyon Project, which includes the Imperial dam and American Canal, cost a total of $165 million to build and was completed in four-and-a-half years.
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