You obviously have done very little reading about the space elevator, AC. It's not a building, it's a tether. How much would it cost to make 50 thousand miles of 3-foot, paper-thin steel? It's not strong enough, but it gives you some idea of costs more than what you are throwing around.
The key to making it cheap is the bootstrapping mechanism that Edwards described in his book. What you do is launch into orbit just a seed string, and the first climbers will be small and actually strengthen the ribbon.