money pit

Language: en

Meaning: (idiomatic)Apossessionorfinancialcommitment, especially a building or vehicle, that createssubstantialongoingexpenses, especially one whose costs are considered to beunsustainable.1989March 10, Laurence Iliff, “Parents Poll Hits Closing Of Ramona”, inThe Press-Courier, USA, retrieved27 September 2011, page 1:[T]he district does not want to hold on to the nearly 50-year old[sic]school for very much longer, as it has outlived its usefulness and has become amoney pit.1997February 15,Michael Kimmelman, “An Old Dream For the Arts, A New Chance For the City”, inNew York Times, retrieved27 September 2011:Critics lambasted the building's design, the art collection and Mr. Hartford, whose gallery became amoney pit. Within a year he was nosing around for a partner or buyer.2007June 14, Jeff Kluger, “Is the Space Station aMoney Pit?”, inTime:Close to two decades past deadline and now carrying a projected $100 billion price tag, it has not returned a lick of good science — nor is it likely to.

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