Chicago Spire - Our American Money Pit


#96

Developer Kelleher in bid to restart building of Chicago Spire - -> independent.ie/business/iris … 74079.html


#97

From NASDAQ, 24th June 2013

[

](https://www.nasdaq.com/article/irelands-nama-to-sell-93-million-in-debt-to-related-cos-20130624-00799)

Blue Horseshoe


#98

Kelleher fights to reverse sale of Chicago Spire - Roisin Burke -> independent.ie/business/worl … 83241.html


#99

Billionaire tried to pay top dollar for Chicago Spire - Roisin Burke -> independent.ie/business/worl … 36075.html


#100

businessweek.com/articles/2013-09-12/the-chicago-spire-a-93-million-hole-in-the-ground?campaign_id=otbrn.bw.anniv


#101

Chicago Spire developer gets funding, wants to resume project - -> chicagotribune.com/business/ … 6095.story


#102

Bloomberg News @BloombergNews
“The skyscraper was born in this city." A builder’s quest to tower over Chicago:

bloom.bg/1iCuNbJ
https://pbs.twimg.com/media/BmeUH5CIIAApnQx.jpg:large


#103

NAMA takes businessman to court over €46.8m debt - Tim Healy -> independent.ie/irish-news/co … 52257.html


#104

Going…
The Saga of the Chicago Spire Quickly Approaching Its End
chicago.curbed.com/archives/2014 … ts-end.php

Going…
Say goodbye to the Chicago Spire?
chicagotribune.com/business/ … story.html

GONE!
Kelleher’s Chicago dream over as backers fail to pay
independent.ie/business/comm … 08688.html


#105

It’s almost like a divorce, where one party wants to stay together, whilst the other keeps saying ‘time to move on’.


#106

gizmodo.com/no-one-knows-what-to … hBeckmann#


#107

Anyone know how long these things take to build ?

Although there has been tens (hundreds ?) of millions lost on it, the hit would have been much harder had the building been near completion when the crisis occured.

On a number of different measures, a hole in the ground is probably preferable to a half-completed and vacant skyscraper.


#108

Particularly one that looks like a huge spliff, or a sex toy.


#109

These things can be built relatively quickly. Once the foundations are in, and that can take time, a floor a week is not the norm, but nor is it unheard of either. It’s all the associated financial, regulatory, and permitting requirements that are the real time sink.

It should also be noted that Santiago Calatrava is almost as famous for running over budget on his projects, as he is for his designs.


#110

US Spire developer sues Nama over Chicago loan row - -> independent.ie/business/comm … 32982.html


#111

Is the Capita mentioned the same one involved with Eircode ?


#112

Yes, but like all outsourcing firms Capita do nothing without written instructions


#113

Spire-boy spiked.

How stupid and/or desperate do you have to be to fund a doomed case and try to hide that funding but not very well?

His shyster friends are an interesting bunch:

martinkenney.com/

lohman-law.ch/page1.php

irishtimes.com/business/comm … -1.2736537


#114

^^ Kelleher has to surrender his passport in regards to that insurance trial

independent.ie/business/com … 42252.html


#115