San Francisco’s leaning tower of lawsuits

by jon wetheirm : cbsnews – excerpt
(includes video and a graphic map that charts ground movement)

The Millennium Tower opened to great acclaim with high-priced, posh apartments. But those accolades and property values are sinking, along with the building’s foundation

It’s a story as old as cities themselves: prosperity comes to town and triggers a building boom. In modern San Francisco, rows of skyscrapers have begun lining the downtown streets and recasting the skyline, monuments to the triumph of the tech sector. Leading this wave, the Millennium Tower. 58 stories of opulence, it opened in 2009 to great acclaim, then the tallest residential building west of the Mississippi. Though priced in the millions, the inventory of posh apartments moved quickly. Yet for all its curb appeal, the building has, quite literally, one fundamental problem: it’s sinking into mud and tilting toward its neighbors. Engineering doesn’t often make for rollicking mystery, but San Francisco is captivated by the tale of the leaning tower and the lawsuits it’s spawned. It’s a story positioned — albeit at an angle — somewhere between civic scandal and civic curiosity, an illustration of what can happen when zeal for development overtakes common sense…

“Nobody has owned up to why this building is not performing.”… “Everybody is afraid to tell the truth. Because if we get to the bottom of this, they are worried that it is going to, in some ways, slow down the building boom that is happening in San Francisco.”Aaron Peskin.…(more)

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