Why Nobody Can Fix New York's $600M Leaning Tower — And Nobody Will Try

1 month ago 13

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In the heart of Lower Manhattan, a 60-story glass skyscraper has been sitting abandoned and unfinished for years. It overlooks the East River. It leans three inches to the north. Glass panels have fallen off its facade. And nobody — not the developer, not the lenders, not the courts — can agree on how to fix it. This is 161 Maiden Lane. New York City's very own Leaning Tower. A $600M luxury skyscraper that was supposed to sell 80 waterfront condos for up to $18 million each. Instead, it became one of the most expensive construction disasters in American history...
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