President Trump's long-desired military parade is now expected to cost $80 million more than expected, CNBC reported Thursday.
Congress has already authorized the parade, which is slated to take place on November 10 in Washington.
WASHINGTON — The grand military parade that President Donald Trump wants to hold in the nation's capital in November is now expected to cost $92 million — $80 million more than the original estimate.
According to a report by CNBC, the Department of Defense now assesses that the parade will cost significantly more, including $50 million from DOD and $42 million from interagency partners. The original cost estimates were in the realm of $12 million.
A massive parade down the streets of Washington is an expensive endeavor, which would include a large-scale security operation on top of the other costs to put it on this fall.
In May, when Republicans were getting ready to include funding for the parade in their annual defense bill, a Republican aide clarified that any equipment used would be at the discretion of Defense Secretary James Mattis.
"Of course you're gonna see a 21-gun salute, you're gonna see firing of cannons, and things like that — that's OK — that's traditional ceremonial function," the aide said. "What we don't wanna see are tanks rolling down Pennsylvania Avenue."
But the CNBC report noted that the parade is currently expected to include "approximately eight tanks, as well as other armored vehicles, including Bradleys, Strykers and M113s."
Trump demanded that the administration begin exploring a large parade for himself after attending the Bastille Day celebrations in Paris with French President Emmanuel Macron.
Trump's parade, which will run down Pennsylvania Ave, is slated for November 10.