Author Topic: U2 Tower on Hold  (Read 2632 times)

0 Members and 1 Guest are viewing this topic.

Hawkmoon2e

  • Guest
U2 Tower on Hold
« on: October 31, 2008, 05:22:14 PM »
DUBLIN (Reuters) - A dramatic 120-meter tower planned for Dublin's docklands
to house U2's rock studio has become the latest Irish casualty of the global
financial crisis.

The Dublin Docklands Development Authority (DDDA) said on Friday it had
suspended negotiations over the tower for up to 12 months due to uncertainty
in the property and financial markets.

A consortium including British architect Norman Foster and the U2 band was
selected a year ago to build the tower at the mouth of Dublin's River Liffey,
with a U2 recording studio to be suspended at the top in an egg-shaped pod.

The development -- which would have been Ireland's tallest building -- was
also meant to include a public viewing platform at 100 meters, a hotel,
retail and residential accommodation.

"The objective is to see this landmark project completed," the DDDA said in
a statement. "However, given the current unfavorable economic environment,
more time is needed at this juncture."

After a decade-long property boom when prices quadrupled, a sharp
construction downturn at time of global financial meltdown made Ireland the
first euro zone country to enter recession this year.



Offline TraKianLite/Zooropa

  • Numb
  • **
  • Posts: 877
  • The land was flat, the highway straight and wide.
Re: U2 Tower on Hold
« Reply #1 on: October 31, 2008, 06:07:50 PM »
I don't really know why they can't just build a studio and leave it at that, but they presumably have their reasons.

Hawkmoon2e

  • Guest
Re: U2 Tower on Hold
« Reply #2 on: November 01, 2008, 01:30:43 PM »
Yeah, how about just recording in Adam's house - where they recorded the Joshua Tree. Out of the 20 rooms, I'm sure that Adam could spare a few...

Offline whitewave

  • Child of Grace
  • **
  • Posts: 1,597
  • she's the wave,she turns the Tide
Re: U2 Tower on Hold
« Reply #3 on: November 03, 2008, 10:19:10 PM »
Putting it on hold-- smart move.

daveyg

  • Guest
Re: U2 Tower on Hold
« Reply #4 on: November 05, 2008, 07:20:32 AM »
You are not allowed to view links. Register or Login
Yeah, how about just recording in Adam's house - where they recorded the Joshua Tree. Out of the 20 rooms, I'm sure that Adam could spare a few...

And from what I hear he has quite a snazzy studio in it as well!