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Old March 7th, 2010, 08:27 PM   #9541
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Quote:
Originally Posted by Msradell View Post
I have a much better idea. Those who want it to be dead can quit reading it! The rest of us who still have hope for it can keep watching and anticipating. That way everyone is happy!
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Old March 7th, 2010, 09:16 PM   #9542
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They have already approved this project?
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http://www.skyscrapercity.com/showthread.php?t=708946 - Monte Gordo Beach, Algarve - Portugal
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Old March 7th, 2010, 09:33 PM   #9543
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of course it's approved...it even was U/C for arround 1 year
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Old March 7th, 2010, 09:39 PM   #9544
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Quote:
Originally Posted by micrip View Post
I wonder why they didn't roof it over to protect it? Maybe they didn't have enough cash left to even do that.
Harryc Probably asked them not to, so he could make pictures of it.
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Old March 7th, 2010, 10:47 PM   #9545
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More than one year, because they stop it before winter, they said it was because of the season... Near November so it was abandonned since half and on year now.
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Old March 8th, 2010, 12:27 AM   #9546
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Quote:
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More than one year, because they stop it before winter, they said it was because of the season... Near November so it was abandonned since half and on year now.
My skepticism with the Chicago Spire, version D (I correctly called the original 120 story Calatrava design with the spire economically unfeasible) started in June of 2008 when the developers announced that "there will be a lull, then activity". On that "other" skyscraper page, I was the only one raising concerns that Kelleher had not announced a contractor for the next phase as Case was wrapping up its foundation work.

When I pointed out the curious slackening in activity during a warm, construction-friendly Chicago summer, the pollyannas explained that the lull was due to ComEd upgrading facilities just off-site. When Case was removing their equipment and levelling the site in July of 2008, these people took it as a sign that the concrete pour for the plaza level was imminent. This despite no funding announcement had been made and no general contractor had been hired.

At the end of the summer of 2008, Kelleher erected tents and held a "foundation signing party". This was seen as evidence that construction was about to take off. I saw it as yet another sign of trouble -- a desperate attempt to make it look as if something was going on to distract from the plummetting prospects.

In Septemeber 2008, there was a distressing trial balloon floated out by Kelleher that a portion of the project might possibly become rental units. I correctly saw this as a clear signal that the sales prospects, in the midst of a deep recession and near banking system collapse, were close to exhausted at 30% -- far too little to secure construction loans even in a boom period.

The next red flag was in October of 2008, when a semi-permanent fence was erected around the hole. I correctly saw this as a clear signal that the site was soon to be abandoned for a lengthy delay. Pollyannas pointed to the $40 million sale of the penthouse to the Beany Baby king which took place nearly the same day as "evidence" there was no trouble. Finally, in late October, the inevitable. Kelleher's spokes-hack was forced to announce a long term delay.

Throughout 2009, the Olympics were touted as the saving boost to the tower's prospects. When the "unthinkable" happened and Chicago's bid ended in dismal failure, Kelleher's spokes-hack was again forced to issue a nebulously-worded statement, claiming that the Olympics loss had no impact on the project's viability and that Kelleher would announce plans "soon".

The final straw for me was the desperate attempt to secure funding from union pension sources. I believed this was the last hope and in a spasm of enthusiam, I became uncharacteristically hopeful. Obviously, that last desperate hope failed.

I think if we take a look at this long litany of delay and obfuscation, there is absolutely no reason to keep this thread in the proposal section. The project is dead, whether or not we wish to accept it. There is no reason it can't be revived later with a brand new thread should a miracle occur.
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Old March 8th, 2010, 01:11 AM   #9547
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Quote:
Originally Posted by DFDalton View Post
(I correctly called the original 120 story Calatrava design with the spire economically unfeasible)

I was the only one raising concerns that Kelleher had not announced a contractor for the next phase..

When I pointed out the curious slackening in activity during a warm, construction-friendly Chicago summer..

I saw it as yet another sign of trouble..

I correctly saw this as a clear signal that the sales prospects..

I correctly saw this as a clear signal that the site was soon to be abandoned for a lengthy delay..

The final straw for me was the desperate attempt to secure funding from union pension sources..
I understand that you want to point out that you were right, but once is always enough
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Old March 9th, 2010, 05:09 AM   #9548
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...like the other poster said, don't bother reading the thread any longer. Then it won't bother you! Not that I think anything's going to happen anytime soon. But we are all curious as to what's going to happen to the site in the end.
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Old March 10th, 2010, 03:16 PM   #9549
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Just keep in mind somebody linving in Chicago and who is observing this tower's progress can speak and tell us what ti is going on on this site. Thank you, DFDalton, are you a Chcago unhabitant ? You've given us so much information about the progress and the firm which was supposed to build Chcago Spire. I would expect they build it but we have to be realist... Any updates to confirm that ? A photo to know how is the hole now ? And news about the contractor firm which was about to build it ?
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Old March 10th, 2010, 09:59 PM   #9550
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I don't really keep up with progress of the tower but I know that there are several listings for Spire condominiums that are current as of today.
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Old March 11th, 2010, 07:39 AM   #9551
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hey i wouldnt call this dead there was a 300 meter tower tower they started building and then stopped and th hen started and finished 13 yrs later
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Old March 20th, 2010, 02:18 AM   #9552
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Old March 21st, 2010, 02:13 AM   #9553
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some of the tracks on the site doesn't look so old(I must be desperate to see any sign of progress LOL)

btw, has anyone heard any recent spire news?
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Old March 21st, 2010, 02:45 AM   #9554
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Old March 21st, 2010, 12:36 PM   #9555
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Is it hard for you to stop posting unnecessary pictures on most threads? And read back all the 405 pages before asking. That'll give you a clue.
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Old March 21st, 2010, 11:54 PM   #9556
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Not sure how this plays into the Chicago Spire's prospects. But it can't in any way be considered good news. Could this potentially be the final nail in the coffin?:


DUBLIN — The former chairman of Anglo Irish Bank Corp. was arrested Thursday on suspicion of committing fraud after he hid more than euro70 million ($100 million) in personal loans from shareholders.

Police said they arrested Sean FitzPatrick, 61, at his home in affluent Greystones, south of Dublin, at sunrise and seized his financial records during a search.

An arrest of FitzPatrick – one of Ireland's most high-profile businessmen during the lost Celtic Tiger boom – had been expected ever since police raided the Anglo Irish headquarters in April 2009 shortly after the bank's emergency nationalization to prevent its collapse.

Government-appointed investigators have already found that FitzPatrick hid from shareholders the existence of his massive, mounting personal loans for eight years.

Last week the new government-appointed leaders of Anglo filed a lawsuit against FitzPatrick seeking immediate repayment of euro70.4 million ($96.3 million) in loans. Most of those borrowings are secured only against the now-worthless stock of Anglo.

FitzPatrick, who served as Anglo's chief executive from 1986 to 2005 and thereafter as chairman, transferred tens of millions' worth of loans each year into the accounts of another bank, Irish Nationwide, days before Anglo published its annual accounts to shareholders. The loans would be transferred back into Anglo's private books immediately afterward.

This accounting sleight of hand was detected when outside investigators began examining Anglo's debt portfolios as part of an October 2008 government decision to insure all the deposits and debt obligations of Irish banks. FitzPatrick resigned in December 2008.

FitzPatrick became the first member of Ireland's so-called "golden circle" of elite businessmen to be arrested in the spectacular fallout from Ireland's collapsed property market. Many in the circle were personal friends of FitzPatrick who benefited from ill-secured multi-million loans from Anglo, a specialist lender to Irish businesses, particularly developers and property speculators.

Finance Minister Brian Lenihan, who has pumped euro4 billion into Anglo to keep it afloat, welcomed news of Thursday's arrest. Lenihan said he was "eager to see justice take its course."


http://www.huffingtonpost.com/2010/0..._n_503829.html

Last edited by DFDalton; March 22nd, 2010 at 12:02 AM.
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Old March 22nd, 2010, 11:33 PM   #9557
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Quote:
Originally Posted by Moby_ View Post
some of the tracks on the site doesn't look so old(I must be desperate to see any sign of progress LOL)

btw, has anyone heard any recent spire news?
Most of the current traffic is for work on the Lake Shore Drive draw bridge - the North end sits on the South East corner of the site (upper Left of my overview shots), including the control room.

at the controls
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Old March 22nd, 2010, 11:54 PM   #9558
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I'm curious too why this thread is "On Hold". as far as I thought, the deal is 100% dead.
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Old March 23rd, 2010, 05:35 AM   #9559
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There's no evidence that the project is accurately dead yet. It could be on hold for as longer as the SWFC.
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Old March 23rd, 2010, 03:04 PM   #9560
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My feelings are bad for this tower. So many projects in Chicago has been cancelled during 1980's-1990's. And so supertall were cancelled for ever. So I don't feel it gonnasee the light of day. Like Waterview Tower.
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