this looks legit!

why do you say so? I was expecting more caution from you when i saw you had posted, haha

i feel very cautious because I don't want this to be a painful false alarm, but if it's true, I'm thinking this could be huge, no?

I am cautious of the Spire actually selling well, but it seems like the unions are willing to jump in and take that risk. It probably makes the most sense for the union to put up the money here, because they will see a direct result with jobs.

^ it's true. maybe they would rather risk their future's for the sake of the present? of course they are planning on getting a return on their investment, but otherwise, they're essentially paying themselves with pension money

I'm having a stress stroke as I type this!:yuck:

well, 4 hours have passed since the artinfo article was posted here, and there hasn't been any press release from shelbourne or the CBTC, and not a peep from any mainstream chicago news outlet (trib, sun-times, crain's, etc.), so i think it's safe to say that artinfo merely got the facts wrong when regurgitating the same info we've known for a while now about the two parties being in talks about a POSSIBLE financing deal. my best guess is that there is no deal yet and the writers at artinfo simply don't understand verb tenses and jumped the gun. i mean, if there really was a deal in place, wouldn't shelbourne be shouting about it from every roof top in the city? they need every shred of positive PR they can get.

i would of course love to be proven wrong.

^ i guess that, too. but i just want to believe so bad. I'm a little pissed at artinfo if they're wrong. it seems like they might be.

looks like they probably based the bit off of this, which has some interesting wordings as well (including the wording of the title):

Union boss steps in to save the floundering Calatrava project

http://www.worldarchitecturenews.com...pload_id=12950

snip
"Advanced talks are now said to be underway and if Villanova's offer is accepted, the Chicago Spire will recommence construction as a full union project."
/snip

worldarchitecture makes it sound like villanova already offered the money. things aren't clear, that's for sure. I'm glad I didn't waste any dancing bananas

^ well that was indeed a terribly misleading headline from world architecture news. there's a HUGE difference in meaning between the following two statements:

Union boss steps in to save the floundering Calatrava project

Union boss might step in to save the floundering Calatrava project

^ yeah, but according to worldarchitecture, their headline is correct as long as their wording on villanova already having made an offer is correct

we shall see

Well, to keep spirits looking up, we have to have at least one: :banana:

But, as far as this tidbit of information goes, I'm sticking with the rest on waiving an air of caution...I don't want to get too excited about a prospective deal for this project, although it would be nice to see it rise again (or at all). Of course, I still damn myself regularly on being such a pessimist about these sorts of things :rolleyes:

Building costs are down probably a significant percentage from back when this building was conceived.. that alone could make this project many tens of millions of dollars cheaper.

Seeing the Spire model in the Archicenter City Model just the other day gave a nice physical feel of how this tower would probably enhance the skyline.

^ i know, it makes me vomit with excitement. picture that

As an editor at a newspaper (yes, I accept condolences) I can state unequivocally that World Architecture News screwed the pooch on this one. Writing a headline that isn't supported by the story is a serious no-no.

I went from seriously excited to completely crestfallen in about 15 seconds ...

i disagree. using the phrase "steps in" lends a certain air of officialism to what's transpiring, and as far as anyone not at the negotiating table knows, absolutely nothing is official yet. it's a misleading headline and it's likely where artinfo's confusion on the subject began.

a better headline would have been:

Union boss attempts to step in to rescue floundering calatrava project


or even better yet:

developer and union boss negotiating finance deal to restart floundering calatrava project

which is basically the headline that every other news source used :haha:

^^^ In any case these obscure articles make it sound like something is happening beyond just "considering" making a loan, even if they are hardcore jumping the gun with their phrasing.

Picture what? You vomiting with excitement? No thanks!

definitely. cross your fingers for an amazing christmas present

and yes, picture that. it makes me laugh

...the cubs will win the world series and the bears three superbowls before the chicago is resurrected

Can you link us to a credible source for that information? A university statistician or economist who proposed the correlation between baseball games and development?

Lawsuit: Chicago Spire not paying

A lawsuit has been filed against the Chicago Spire for allegedly failing to pay for media planning services.

OMD USA says that it entered into a contract with Chicago Spire and its managing member Shelbourne Development Group in June 2007 where it was agreed that OMD would perform media planning services on their behalf, which it did at a rate of $42,083.00 per month.......

http://www.chicagonow.com/blogs/chic...ot-paying.html