Quote:
Originally Posted by 10023
It's the Teng tower on Wacker that is the precedent for this, not the Spire.
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True, except that the Teng tower didn't have a construction loan, had far less experienced developers, and was undone by a HUGE global recession.
I think that Vista Tower is fine, but if for some unlikely reason its lender fails/defaults, I'm pretty sure it will be a matter of just securing new financing. I highly doubt we will see another global financial meltdown ala 2008