Our skyline on pause

Our skyline on pause

There are 20 comments on the Chicago Tribune story from Nov 2, 2008, titled Our skyline on pause. In it, Chicago Tribune reports that:

A big chill is about to hit the city of big shoulders. In the wake of the global credit crisis, Chicago's once-superheated skyline - radically transformed during the last 10 years by one of the greatest ...

Join the discussion below, or Read more at Chicago Tribune.

1390 levine

Miami, FL

#3 Nov 3, 2008
WE HAVE JUST LIVED THRU A TIME IN HISTORY THAT WILL HAVE BEEN ONE OF THE GREATEST IN OUR TIME FOR ARCHITECTURAL BUIDLING.
NICEPLAN

Chicago, IL

#4 Nov 3, 2008
Don't worry, the Olympics will solve everything.
Uptown voter

Chicago, IL

#5 Nov 3, 2008
So in the midsts of the credit crunch, developer Peter Holsten gets City Council to approve the taking of all financial risks for his TIF development at Wilson Yard in Uptown.

If there's a mess up, no problem because he has no financial stake. He passed it all on City Council who happily took it all while they complain about the taxes.
.
Todd

Skokie, IL

#6 Nov 3, 2008
It's no coincidence that the building boom abruptly ended around the same time Toddy Stroger's record-high nationwide taxes kicked in.

Liberalism and high taxes has always proven to be a failure.
whatever

Normal, IL

#7 Nov 3, 2008
Credit Crisis? Not just credit but high taxes of the City of Chicago is a huge problem which continues to stifle economic productivity from consumers to investors. Daley and his goon crew as well as Stroger and his good crew need to rethink their tax policy and CUT taxes to get things moving again and help the middle class.
Robbi

Glenwood, IL

#8 Nov 3, 2008
What goes up - must come down. The market was up for about 10 years and it will take it a long time to return to a moderate level.
Here's the question---to protect some of the value for the current condo owners and buildings already under construction, why doesn't the city put a hold on all building permits?
Sloopin

United States

#10 Nov 3, 2008
Not a big surprise given all the troubles in the credit market. However, I've recently read that some of the buildings in the South Loop (mainly the buildings on Roosevelt are still getting interest). Check out the blog for more info:

http://www.sloopin.com/2008/10/museum-park-we...
Tom

Chicago, IL

#11 Nov 3, 2008
A desirable quality of life has always overcome "excessive taxes". If it was only about taxes, why does Minnesota - with the highest tax burden in the Midwest - continue to grow as it does? Downtown Chicago has a quality of life that is the envy of every city in the U.S.

The end of the current construction boom will leave us with tens of thousands of new residents in the center of the city. This legacy is a good thing, regardless of your view on taxes.
Spector

Chicago, IL

#12 Nov 3, 2008
Oh please I pray they don't build that horrible spire building! I don't care what anyone says, but it looks like a dil-do and would be a terrible eyesore on the skyline. We already have too much supply in the market already! Enough!
RamRod

Saint Paul, MN

#13 Nov 3, 2008
Tom wrote:
A desirable quality of life has always overcome "excessive taxes". If it was only about taxes, why does Minnesota - with the highest tax burden in the Midwest - continue to grow as it does? Downtown Chicago has a quality of life that is the envy of every city in the U.S.
The end of the current construction boom will leave us with tens of thousands of new residents in the center of the city. This legacy is a good thing, regardless of your view on taxes.
What?

Excessive taxes are not an impediment to the "quality of life", for those who can afford whatever lifestyle they desire. The rest of us are going to have our lives impacted by any tax coming close to excessive.

God how easy the choices for those who vote based on such simplistic propositions.

Before Trump started building his tower, I wondered what in the world he was thinking, what with all the luxury condos available with a view of the lake. Well, there are more than enough now and nothing will be lost because some more don't get built.

Minnesota had only "up" as a direction for their development and progress has come in spite of the tax situation. Nothing to crow about and a sorry comparison.
Jim

Niles, IL

#14 Nov 3, 2008
The Spire is the best of them all, and it will be built. So they are right on this count.

“Ds and Rs are crooks.”

Since: Apr 08

Berwyn, IL

#15 Nov 3, 2008
Robbi wrote:
What goes up - must come down. The market was up for about 10 years and it will take it a long time to return to a moderate level.
Here's the question---to protect some of the value for the current condo owners and buildings already under construction, why doesn't the city put a hold on all building permits?
Put are you mad!! Then how would the King fund all his pets and programs. Sorry I forgot he can just rise the taxes again.
Examples Of Excess

AOL

#16 Nov 3, 2008
When the 'fundamentals of the economy are [not] sound' such excess - to cater to the top 10% of the economic ladder, are demonstrative of the inverted pyramid of investment capital's focus on more for fewer, i.e., the mantra of the Bush-years. Lower taxes for the affluent and more debt {deficits} for 'We The People...'
Fraudulent foreign engagements {Iraq}, while Iran presents the threat. Minimal efforts in Afghanistan, where no nation {Britain, Russia, et al} ever succeed in conquering 'em; and buddying up to Pakistan - that HAS the 'Muslim-bomb.' No-bid contracts, suspension of basic civil rights and liberties, and using the constitution as toilette paper - while Palin can't even articulte the duties of the position she 'thinks' she's capable of performing. As millions of Americans lose their homes and life's savings, we've built more and more towers in the sky for the fewest among us. The focus on more for fewer has gotten us into this abyss. Perhaps it's time to build homes for people and to focus capital on real-estate projects that serve the majority. I'm not talking 'socialism' or other state control'd economies, but, tax rules that favor the largest projects ont he backs of the taxpayers MUST end.
Think low-rise and community reinvestment.
ConscientiousObj ections

Chicago, IL

#17 Nov 3, 2008
I love all the people on here blaming high taxes (best of all, Stroger's sales tax increase, which I happen to also be against) for the slowdown in building. What correlation is there, exactly? The property tax rate in the City of Chicago is among the lowest of any municipality in the County (at least until Daley's next budget). And if you read any newspapers, you'd learn easily enough that pretty much every building in limbo is being stymied by credit/loan issues - not sales taxes. There is no excuse for this sort of ignorance, especially if you are posting comments on a news website.
RamRod

Saint Paul, MN

#18 Nov 3, 2008
Examples Of Excess wrote:
When the 'fundamentals of the economy are [not] sound' such excess - to cater to the top 10% of the economic ladder, are demonstrative of the inverted pyramid of investment capital's focus on more for fewer, i.e., the mantra of the Bush-years. Lower taxes for the affluent and more debt {deficits} for 'We The People...'
Fraudulent foreign engagements {Iraq}, while Iran presents the threat. Minimal efforts in Afghanistan, where no nation {Britain, Russia, et al} ever succeed in conquering 'em; and buddying up to Pakistan - that HAS the 'Muslim-bomb.' No-bid contracts, suspension of basic civil rights and liberties, and using the constitution as toilette paper - while Palin can't even articulte the duties of the position she 'thinks' she's capable of performing. As millions of Americans lose their homes and life's savings, we've built more and more towers in the sky for the fewest among us. The focus on more for fewer has gotten us into this abyss. Perhaps it's time to build homes for people and to focus capital on real-estate projects that serve the majority. I'm not talking 'socialism' or other state control'd economies, but, tax rules that favor the largest projects ont he backs of the taxpayers MUST end.
Think low-rise and community reinvestment.
Boy, are the fundamentals of capitalism, lost on you!

I'm down here with the lows. However, I want to know that there are Ivory Towers to strive toward. They are NOT on the backs of the lowly taxpayer. Why would someone go into business (read employer) without having a sense of achieving the "towers in the sky", either as builder or occupant? Yeh, right, they're just here to fund your way through life, because you have no interest in achieving a loftier goal. The fact that you can't figure it out, doesn't mean that I can't look forward to achieving wealth, even while you struggle. ANYONE can achieve wealth and that's what drives the capitalist system. Without that prospect, you're just as well off being in the old USSR, where taxes and subsistence were all that you earned!
Bart

Chicago, IL

#19 Nov 3, 2008
Unlike prior building booms in Chicago - like the commercial boom of the 80s - or the residential and commercial boom of the '20s, this period created some of the worst architecture Chicago ever witnessed. Dozens of cheap, supertall condos with balconies smacked upon them. To meet ridiculous parking requirements for "downtown" buildings, each one was built upon a parking garage, whereupon they were referred to as "plop architecture" by Kaimen himself. Chicago decision makers should be ashamed of themselves for permitting such poorly designed, unattractive and unfit for city living these buildings are. The skyline - and more importantly the liveability - of downtown Chicago have been damaged permanently.
Skip

Lake Zurich, IL

#20 Nov 3, 2008
But if it saves one child isn't it worth it?
Butler V Adams

Evanston, IL

#21 Nov 3, 2008
Bart wrote:
Unlike prior building booms in Chicago - like the commercial boom of the 80s - or the residential and commercial boom of the '20s, this period created some of the worst architecture Chicago ever witnessed. Dozens of cheap, supertall condos with balconies smacked upon them. To meet ridiculous parking requirements for "downtown" buildings, each one was built upon a parking garage, whereupon they were referred to as "plop architecture" by Kaimen himself. Chicago decision makers should be ashamed of themselves for permitting such poorly designed, unattractive and unfit for city living these buildings are. The skyline - and more importantly the liveability - of downtown Chicago have been damaged permanently.
I agree, River North is a prime example of this problem No care, thought or taste was put into the design thanks to Jim Loewenberg. None of them were spertalls, they are just considered highrises. A building isn't considered to be a supertall until it passes 1,000'. One of the problems wit the parking is that is wasn't hidden by active space or residential. Another problem is that many people from te surburbs brign their SUV mentality when they move back into the city, then they want to complain about everything. Chicago need to do better when it comes to transit oriented development.

I do hope that Weterview Tower and the Chicago Spire are completed. I have faith that the Spire will be built, but Teng has had serouus trouble getting financing for Wateriew. There are 2 beautiful buildings that I'd loveto see grace the skyline.
rod

United States

#22 Nov 3, 2008
Bart wrote:
Unlike prior building booms in Chicago - like the commercial boom of the 80s - or the residential and commercial boom of the '20s, this period created some of the worst architecture Chicago ever witnessed. Dozens of cheap, supertall condos with balconies smacked upon them. To meet ridiculous parking requirements for "downtown" buildings, each one was built upon a parking garage, whereupon they were referred to as "plop architecture" by Kaimen himself. Chicago decision makers should be ashamed of themselves for permitting such poorly designed, unattractive and unfit for city living these buildings are. The skyline - and more importantly the liveability - of downtown Chicago have been damaged permanently.
How is the Chicago skyline permanently damaged? We have and will continue to have one of the greatest skylines in the world so I think you should take off your blindfolds and take a look at the skyline for once. Also, you failed to acknowledge that we had some great and buildings go up during this boom also, not all building were shitty. And the liveability of downtown Chicago is only getting better, why do you think people are moving back downtown? Also, suppertalls are buildings over 1000ft so please get informed before coming here with your baseless opinions.
Robert C OBrien

Hinsdale, IL

#23 Nov 4, 2008
"why do you think people are moving back downtown? "

because urban/suburban sprawl has led to horrible gridlock problems, combined with the cost to commute due to skyrocketing gas prices.

downtown is still blessed with good public transportation and infrastructure, and of course the lakefront.

None of which have anything to do with Daley, who's biggest "accomplishment" in that regard has been the endless money pit known as Block 37. If he'd can the TIF program maybe the City could actually add that new Circle line everyone has been clamoring about for a decade, and don't tell me about the Pink line, all that largely did was cannibalize the old Blue line tracks.

Milennium Park is gorgeous, but it cost twice what it should have, and is still plagued by corrupt insider deals for the restaurants that are costing we taxpayers millions.

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