A 58-story skyscraper in San Francisco is sinking and people are fighting over whose fault it is

Vanguard Properties

The Millennium Tower rises 58 stories above San Francisco's Financial District.

But as the saying goes, the higher you rise, the further you fall.

Complimentary Tech Event

Transform talent with learning that works

Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

City officials are scrambling to figure out the series of events that led to the development and sinking of the Millennium Tower. The skyscraper, which houses some 400 multimillion-dollar condos, has sunk 16 inches and tilted two inches since it opened in 2009. All told, it could sink over 30 inches, according to CBS.

While the building is not currently at risk of keeling over, residents are furious that their property values are plummeting, the San Francisco Chronicle reports. The city will hold a hearing starting September 22 to piece together statements from the high-rise's developers and city officials about what caused the sinking.

Here's everything you need to know about the Millennium Tower.