Global building boom implodes

Photo REUTERS/David GrayFrom BLDGBLOG: The Boom is Over:

Amongst many, many signs that the building boom has come to an end, from gridlocks of cars abandoned at the Dubai airport by fleeing workers to massive holes in the urban surface of Chicago, to entire architectural firms going out of business, to delayed towers and theme parks on pause, none seem quite as explicitly apocalyptic as the sight of OMA’s CCTV complex – that is, the part of it known as TVCC, containing a luxury hotel – roaring with flames.

The boom ended long ago, but its icon are now on fire.

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