[Slug]

What happened in Chicago makes our problems look like a hic-up. Their new tallest designed by Calatrava sits as a massive hole in the ground while another top five building wastes away as a 20 story concrete hulk. Imagine if the Bow and EAP were in that condition the city would be drafting completion penalty bylaws as we speak. IMO this would make the problem worse the next time around raising risk where its only feasible to build at the height of a boom where there is no time to complete the project before the bust. We need more people like the developers of Livingstone place and hopefully the developers of EAP to smooth the cycles and eventually eliminate development failures.