Is Bigger always better in Business? At 2,717 spectacular ft. the answer might seem "Yes!"

But consider the pathetic occupancy rate in the tower that nobody wants to be in.

A story of "too big for your britches" and Business Implosion!





Comments


Written by amabaie
3909 days ago

Olympic Stadium, Montreal, 1976, "The Big O". "O" stands for Olympic. It also stands for "zero". It also stands for a hole - as in, a hole in the budget. I think they finally paid it off a few years ago, but they still can't keep the roof in place.



Written by yoni67
3909 days ago

David,

You are certainly right. The word "Olympics" has become synonymous with debt. Build a shitload of stadiums, have a great games and then watch all of the infrastructure rust away.



Written by hamed1
3909 days ago

It reminds me of the Millenium Dome. It had a big celebration and usaged and now it is an empty shell waiting to be torn down.

Hamed,

Peace/Shalom/Salaam



Written by yoni67
3909 days ago

Hamed,

Good comparison though I don't think The Burj will meet a wrecking ball anytime soon.

In the meantime though it serves as perhaps the planet's biggest symbol of "too much" "too high a price" and too little forethought of what economic downturn could wreak.

Yoni



Written by alinisrael
3909 days ago

Yonatan, Consider the Burj for what it is, an edifice to greed and an illusion. It's meant to be a showpiece to prove to the world that a certain wealth exists and not just on paper. Consider World Bank, Bernie Madoff and all of the other collapses we have witnessed with other peoples money. My uncle lost a bundle in one of those conspiracies.

It is a lesson as you point out. Spend within your means. Go for some style but in these rough times don't make something so outlandish and bedazzling. When things don't materialize it just makes you look like an idiot. Maybe those planners in Miami will take a look at this.

Alan



Written by yoni67
3909 days ago

Alan,

There certainly is something to be said for practicality and functionality in Business. Especially when people (both Business and private) the world over are being told by their leaders to hunker down and "suck it up" in these tough economic times. Sorry about your relative losing money in one of the schemes. It's been a painful chapter for many people, many of whom have lost their lives savings.

Regards,

Yoni



Written by businessavante
3909 days ago

Hi Yoni,

Lots of people resent show-offy billionaires with egos the size of Kansas (like the Dubai guy). I know I like my billionaires quiet, like whatziz-name.

businessavante



Written by yoni67
3909 days ago

Duncan,

Along with the show-off attitude, it is sheer gaudiness. In Dubai it's not just one tower though, there's the Palm Tree artificial island... http://www.e-architect.co.uk/dubai/dubai_palmisland.htm ...that nobody wants and other exorbitant projects. I can understand the mentality as oil in the Kingdom is set to run dry in a few short decades, but this crazy spending is not going to be a crutch.

Yoni



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