[Handro]

Originally Posted by SteelMonkey

Full article from Ryan Ori - Chicago Tribune


“We will resume work on site when we feel the situation has fully stabilized,” the developers’ statement said.


Even before knowing of the pandemic to come, Time Equities chairman and CEO Francis Greenburger acknowledged the risk of launching a skyscraper late in a construction cycle.

“Building something like this is not something you wake up one day and do,” Greenburger told the Tribune in October. “It takes a long, long time, and you have to be prepared to go through different cycles. Who knows what’s going to happen with the economy? We all know it’s flashing red lights.

“But our business plan allows us to weather whatever the environment is, because we look at this as a long-term project.”

This all sounds good to me.