Spire Sputters Again

Midwest | Monday, December 21, 2009 | .

According to Crain’s Chicago Business, major construction unions will not be loaning funds to restart the Chicago Spire, as many had speculated. The union pension funds are feeling cautious, much like other lenders, so the Spire, which was always an ambitious project, remains a high risk bet. Who will the developers turn to next?

One Response to “Spire Sputters Again”

  1. Bubble architecture, economically speaking says:
    January 4, 2010 at 7:51 pm

    [...] development victims were Frank Gehry’s Brooklyn Nets arena, Santiago Calatrava’s Chicago Spire, and the same’s 80 South Street.  But why dwell on these projects?  Architects [...]

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