How about $100,000,000?
Not content to soil their own barren consumer dystopia, financiers in Dubai attempt to jump-start the ailing, ill-fated Grand Avenue project to the tune of $100,000,000.
What kind of money comes from Dubai? Most people of culture think that Dubai is the most architecturally monstrous place on the planet, and their developers are both ecologically and aesthetically irresponsible---as was Kaufman & Broad when Eli was building suburbs in Orange County. But whatever your taste may be, you can bet something is terminally awful about a project when the developer has to resort to Monopoly money from a foreign shiekdom just to pull a damn demo permit on a parking garage.
What kind of money comes from Dubai? Most people of culture think that Dubai is the most architecturally monstrous place on the planet, and their developers are both ecologically and aesthetically irresponsible---as was Kaufman & Broad when Eli was building suburbs in Orange County. But whatever your taste may be, you can bet something is terminally awful about a project when the developer has to resort to Monopoly money from a foreign shiekdom just to pull a damn demo permit on a parking garage.
Labels: eli broad, grand avenue
Posted by Joseph F. Mailander @ 3/18/2008 01:05:00 PM
1 Comments:
Dubai knows how to build. Unfortunately they are not building downtown. You can be sure that with all the non-union carpenters and plumbers and steelworkers building the LA Grand,the building will be no better than the Tower of Babel. It will cost a million in overrides for each non-union/illegal builder.
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