Tuesday 16 January 2018

Michael Brennan: Gormley picks up pieces as towering ambitions crumble

Michael Brennan

Michael Brennan

WHEN every boom turns to bust, there is often a tower left behind to show just how crazy it all became. In New York, the Empire State Building was completed at the height of the Great Depression in 1931.

The Petronas Twin Towers in Kuala Lumpur were started before the 1997 Asian financial crisis. Earlier this year, Dubai proudly unveiled the $1bn (€750m) Burj Khalifa tower as the tallest building in the world around the same time as it received a financial bailout.

And in Ireland we had the seven-storey headquarters which was meant to house the best bank in the world (as some financial commentators were then describing it) -- Anglo Irish Bank.

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