The “Spire”, the skyscraper designed by Spanish architect Santiago Calatrava, was going to be the tallest building in the United States. That title will have to wait, at least until the economic crisis affecting construction all over the world starts having better days.
“We’re exploring all of the financial options with the economy as challenging as it is, but clearly this is long-term,” project spokeswoman Kim Metcalfe said. “We’re working toward the success of the building. We continue to actively market the building. Clearly, the construction of the building is on pause, but nothing else about the building has stopped.”
The break in construction has left a hole 110 feet wide and 76 feet deep at 400 N. Lake Shore Drive, making the Spire a worldwide symbol of the recession and shut-down credit markets.
For more information, read this article on the Chicago Tribune.
