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Old July 21st, 2014, 06:37 AM   #10221
Jay
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Maybe we should lock this thread until actual news ala Skyscraperpage

The drawings are nice though good job
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Old July 24th, 2014, 10:58 PM   #10222
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Nama pursues developer Garrett Kelleher for €47m

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The National Asset Management Agency is pursuing businessman Garrett Kelleher for some €46.8 million in summary judgment orders. They arise mainly from a limited guarantee relating to loans made by Anglo Irish Bank for developments in Ireland, the US and Belgium.

Nama claims some €350 million is outstanding under those loans and Mr Kelleher is liable under guarantee for €40 million.

Mr Kelleher will contend he was assured he would not be pursued under his guarantee given his “extensive co-operation” with Nama, his counsel Michael Cush SC told the Commercial Court.

The agency is also seeking summary judgment against Mr Kelleher for an additional €6.8 million arising from facilities advanced to CWD Properties Ltd from 2005 in connection with a scheme at Cratloe Woods, Limerick.

The €40 million claim against Mr Kelleher, with an address at Herbert Park, Ballsbridge, Dublin, arises from his guarantee, limited to some €50 million of the liabilities of some companies of the Shelbourne Connection. Some €10 million was recovered due to Nama calling in a guarantee of a company with the effect, Nama claims, Mr Kelleher remains liable for some €40 million.

Developments linked with the Shelbourne Connection include the Spire in Chicago, Nama said.

[...]

Like sands through the hourglass...

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Old July 25th, 2014, 12:52 AM   #10223
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Old news
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Old July 26th, 2014, 03:06 PM   #10224
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Nice to see the Spire back on track. And Harryc' photos have been sorely missed. I'm hoping it gets built this time around
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Old July 26th, 2014, 04:37 PM   #10225
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On track? towers don't get built with lawsuits.
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Old July 26th, 2014, 04:48 PM   #10226
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I hate to say it, but I honestly don't think this will ever get built...
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Old July 26th, 2014, 06:14 PM   #10227
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Quote:
Originally Posted by weidncol View Post
I hate to say it, but I honestly don't think this will ever get built...
To everyone involved in the project, this would be the greatest news of the last years. They would sleep much better and won't get involved in problems. Calatrava is well known in Spain for huge over cost of all works (he has a great ability to double budgets) , huge design and construction mistakes (an opera in Valencia had to remove all the fašade because it was falling, buildings without fire exits that have to be done after building is finished)...

It would be better if they hire another architect and make another project. Now they have the opportunity.
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Old July 26th, 2014, 06:36 PM   #10228
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You know the other thing Calatrava is known for? Amazing ******* buildings.

If budget overruns and other minor issues are the price for art, then so be it. In my opinion he's the finest architect alive today.
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Old July 26th, 2014, 08:15 PM   #10229
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Quote:
Originally Posted by SomeKindOfBug View Post
You know the other thing Calatrava is known for? Amazing ******* buildings.

If budget overruns and other minor issues are the price for art, then so be it. In my opinion he's the finest architect alive today.
They are only amazing buildings if you can afford to build them! If the cost exceeds the available resources then they aren't anything. Architects need to realize that financial resources are tight many times and they need to design buildings that are not only beautiful but also affordable, Calatrava is one of the worst when it comes to this!

Just take a look At reconstruction of the Transportation Hub at the WTC site. The design is so complex that it's taking forever to construct and the costs keep escalating. Artistic buildings like that cannot be built with public money.
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Old July 26th, 2014, 08:21 PM   #10230
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I don't know man, the Transit Hub has been making significant progress this past year.
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Old July 27th, 2014, 01:09 AM   #10231
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I don't know man, the Transit Hub has been making significant progress this past year.
But look at how long it took though. Also i consider this a dead project until i see people working on the site
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Old July 28th, 2014, 07:43 AM   #10232
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Quote:
Originally Posted by Msradell View Post
Artistic buildings like that cannot be built with public money.
If the people cared more about their surroundings and took an attitude 180 degrees from you, our cities would look far better than the trash that most of them are today.
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Old July 28th, 2014, 10:02 AM   #10233
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Quote:
Originally Posted by Msradell View Post
They are only amazing buildings if you can afford to build them! If the cost exceeds the available resources then they aren't anything. Architects need to realize that financial resources are tight many times and they need to design buildings that are not only beautiful but also affordable, Calatrava is one of the worst when it comes to this!

Just take a look At reconstruction of the Transportation Hub at the WTC site. The design is so complex that it's taking forever to construct and the costs keep escalating. Artistic buildings like that cannot be built with public money.
In a hundred years you'll wish more than anything you hadn't cheaped out. The environment we live in matters, and it's not something that should be value engineered.

Plus, this is America. Hanging over the head of all public money arguments are the billions and billions spent on camel jet planes and secret data centres to record my phonecalls.

If there's one thing America has, it's money. The point is, it should be spending that money on beautiful surroundings instead of global clandestine evil.
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Old July 28th, 2014, 03:50 PM   #10234
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Careful what you say, SomeKindOfBug... Everybody knows that SSC is a hotbed of NSA activity.
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Old July 28th, 2014, 03:59 PM   #10235
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Quote:
Originally Posted by SomeKindOfBug View Post
In a hundred years you'll wish more than anything you hadn't cheaped out. The environment we live in matters, and it's not something that should be value engineered.

Plus, this is America. Hanging over the head of all public money arguments are the billions and billions spent on camel jet planes and secret data centres to record my phonecalls.

If there's one thing America has, it's money. The point is, it should be spending that money on beautiful surroundings instead of global clandestine evil.
Put the weed down for a minute man your starting to tweek.
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for the Pelasgians, too, were a Greek nation originally from the Peloponnesus
The Roman Antiquities of Dionysius of Halicarnassus
http://penelope.uchicago.edu/Thayer/...assus/1B*.html

Macedonia, of course, is a part of Greece". Strabo, VII, Frg. 9
http://penelope.uchicago.edu/Thayer/...ragments*.html

But north of the gulf, the first inhabitants are Greeks called Epirotes....
Procopius
http://books.google.com/books?id=9m6...page&q&f=false
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Old July 28th, 2014, 05:38 PM   #10236
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Quote:
Originally Posted by weidncol View Post
I don't know man, the Transit Hub has been making significant progress this past year.
LOL... If you have been paying attention to the thread you know they have had to do 2-3 attempts for each of the rafters on the south end of the path station. The WTC hub is six years behind schedule, and when it's finished will have cost around $4 billion, twice the amount that was expected.
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Old July 28th, 2014, 06:02 PM   #10237
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What you say is not untrue, but I think SKOB's sentiment still holds. Even in just 10 years, nobody will remember how over-budget the PATH station was. It will simply be a beautiful civic monument for the city to enjoy for a century or more.

Same goes for the Chicago Spire. It's truly unique.
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Old July 28th, 2014, 10:54 PM   #10238
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Quote:
Originally Posted by j-biz View Post
What you say is not untrue, but I think SKOB's sentiment still holds. Even in just 10 years, nobody will remember how over-budget the PATH station was. It will simply be a beautiful civic monument for the city to enjoy for a century or more.

Same goes for the Chicago Spire. It's truly unique.
yeah the design is great but Kelleher isn't the port authority. He actually has to find investors who are hoping to make a profit. And when Calatrava's design inevitably takes too long and goes way over budget he's gotta convince those investors to invest more money for lower returns and if the price nearly doubles like with the WTC hub the project will sit in whatever state it's in like it's sitting now for years until someone decides to buy the site and do something else with it.
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Old July 29th, 2014, 06:29 AM   #10239
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You make an excellent point, but... #ibelieve
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Old July 30th, 2014, 01:39 AM   #10240
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Quote:
Originally Posted by chicagogeorge View Post
Put the weed down for a minute man your starting to tweek.
An expensive building is only expensive once.

An ugly building is ugly forever.
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