Quote:
Originally Posted by thrillbilly
I have a bad feeling they're going to downsize this a lot to cut the cost, but I guess it would be better than a giant hole.
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If it's no longer "The Chicago Spire" (not so much in name but in height and cachet) I'm sure they'd lose at least 90% of their commitments and they'd definitely lose the $40,000,000 penthouse sale.
Presuming he can get a loan sooner or later, Kelleher would absolutely lose money by walking away from the project so I'd imagine he'll be incredibly patient until conditions make it possible to continue & finish.
(Realizing I probably just stated the obvious but oh well...)
I'm mentally prepared for a year of down time. I wouldn't at all doubt the the Olympic bid decision affects a lot of construction decisions in Chicago in the next couple of years.