Watching a megacorp actually die from their own hubris is so refreshing. Not something you’d see in the West.
Yeah seriously, here it’d be bailed out with as much tax money as it takes.
“Too big to fail.”
Though I do wonder why the decision was made to demolish rather than have the government take them over. Seems like a waste, though obviously I haven’t seen their assessment so I don’t know the confounding details in this case.
Hard to say, perhaps the cost of finishing and maintaining these units wasn’t justified. If there’s not enough demand for housing then it might make sense to do that.
Yes, and also the liability. Imagine if the earlier constructors cut corners and there is less steel reinforcing in the lift-shafts than their should be…I don’t think they send people to prison for huge mistakes there…
Yeah, that’s an excellent point as well.
They must be completely unsalvageable, its a $1.2B USD loss by tearing them down.
