Boardwalk at Bricktown / Dream Hotel

[Rover]

Seems like that's generally how most supertall buildings that are announced end up. Announced near the top of an economic boom and then by the time they are finally ready to start construction we are in a recession and all they have to say is economic conditions make it no longer feasible. I'm hopeful Hyatt has at least committed enough money for the smaller towers to get built.

Actually, recessions can actually help. Many of these extremely large developments incomes are projected out over long terms, but can take advantage of lowered interest rates in construction and for permanent financing that are often associated with slow economic times. And, we tend to create tax incentives for real estate development to help pull us out of the downturns. Given the time to construct, these projects then complete as the economy is in recovery or soon to be in recovery. If you have the ability to get financed or draw investors during bad economic times you can do very well. Like other investments… buy at the bottom, sell at the top.

[traxx]

I make a motion that we stop referring to it as a super tall and start calling it a stupid tall.

[Bunty]

I make a motion that we stop referring to it as a super tall and start calling it a stupid tall.

No, that would only be limiting ourselves as being too stupid and SHORT sighted to see big. After all, are the people in Saudi Arabia calling their current to be tallest skyscraper in the world, the Jeddah Tower, stupid tall even though it will be well up there at 3281 ft. tall? I tend to doubt it. Estimated completion date to occur in 2028 or 2029. The Legacy Tower at 1907 ft. is so much SHORTER than the Jeddah Tower. We have already limited ourselves and America enough.