Thursday, November 03, 2016

San Francisco sues developer over sinking skyscraper

Yes the rich are truly job creators. Fixing this will required hiring people. Don't be surprised if the developer declares bankruptcy, leaving others, maybe eventually taxpayers, with the bill to fix it.

Associated Press
Nov. 3, 2016

San Francisco has sued the developer of a sinking and tilting luxury high-rise, saying the developers knew about the problems but did not disclose the information to potential home buyers as required by law.

Millennium Tower was completed eight years ago and so far has sunk 16 inches into the soft soil of San Francisco's crowded Financial District, causing a 2-inch tilt at the base and a 6-inch lean at the top.

City Atty. Dennis Herrera filed the lawsuit against Mission Street Developers LLC, saying the developers knew about the problems with the mirrored, 58-story building but did not tell potential home buyers about them as required by law.

Mission Street Developers says it complied with all state and local laws concerning the disclosure of information to prospective buyers.

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