More Info on the Chicago Spire Debacle

Following up on a post from a short while ago concerning the troubles surrounding Santiago Calatrava‘s Chicago Spire and how construction has ground to a halt due to financial issues with the developer which include lots of money owed to Calatrava and another firm, as well as a pinch from the credit markets that were supposed to help carry the project along, Architectural Record has a piece up with some info about how it all went wrong, with the developer now scrambling to explain why this is happening and how everything will be okay, but everyone outside of the project not expecting much to ever come from it now.