Quote:
Originally Posted by Busy Bee
Craziest part of all this is that a Chinese bank, absolutely flush with cash, was the one the backed out of the financing. Surely they know that the market will return and they'll get there money back. Put in perspective, a tower in Chicago, IL, USA is a fairly modest investment compared to the money they're throwing around over there. and it would also be one thing to pull the plug and back out before it ever started rising out of the ground. This sucker is a third built, and the integral foundation and engineered base already constructed! Doesn't make sense.
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or maybe it's an indication of just how remarkably unsound the finances of this project were given the fact that it
was already 1/3 out of the ground with a major hotel brand signed on and a bank flush with cash still wouldn't touch it.