Why does it bother you and some other posters so much if the developer or the creditors lose money? it seems that none of the posters that are posting these comments have any skin on the line. I think it's best that this part of the conversation moves to the Real Estate section and let the other posters that enjoy watching this building go up keep enjoying it without all of this negativity.
What do you mean?
Look at https://en.wikipedia.org/wiki/Goldin_Finance_117 I do not want to see the same thing could happen to this. Thanks
I doubt any of us want that - we have seen it here before with the Bay-Adelaide Stump. See: https://www.blogto.com/city/2014/04/the_story_of_the_bay-adelaide_centre_stump/
Oh yes, I remembered that the unfinished six storey concrete for 15 years. I often walked or biked around that area. Even the two crane sat for a long time then removed. I liked that kind of that tall pointed spire roof in the modern time. Oh well. Also, we did not see any new office buildings for more than a decade. Now I am glad that you understand my comment previously. Thank you for asking me
Sure, go on admiring the fine craftsmanship and marvel at the engineering of the Titantic after you’ve hit the iceberg and are taking on water. Hope you know how to swim for 2 days in the icy North Atlantic.
The key to this statement is in this city. Other projects throughout the world have had similar issues. This comes with the territory of doing construction. If there is a fraud case, the courts will sort it out. Are you a developer that is being directly affected by this or did you have a similar situation happen in a similar building? I'm wondering why it is that you're so invested in telling everyone that this is nothing but a front to scam people when it is obvious that the building is being built in front of us. Money was used to build this building. If it takes a loss, that means that somewhere somebody didn't do their math right and that person will face consequences. We still get to watch an amazing building go up
Of course this is not unique, developers go into bankruptcy often and the results differ. In some cases all work stops, in some cases the project is bought by another company and things continue (but details may differ). In some cases, like this one, there is enough money to keep on working but it is (so far anyway) not enough to finish the planned building. It is certainly good that work continues on The One, the question is 'will enough money be invested - by new investors - to finish it as planned?' We shall see.