Saturday, August 8, 2009

Waterview Tower

The building in the accompanying photo suggests a project in construction, but that's not exactly the case. More accurately it's a photo of a project gone bust. In this case, the developer was Ivan Dvorak, president and CEO of Teng & Associates, a well respected local architectural and engineering firm. Dvorak, as did many developers, got caught midstream without final financing arranged and could not continue. Today, his incomplete project stands in downtown Chicago as a grim reminder of why the vast majority of us are averse to risk. See the full story HERE

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