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.
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.
- RBI Governor Das discusses ways to scale up UPI ecosystem with stakeholders
- People find ChatGPT to have a better moral compass than real humans, study reveals
- TVS Motor Company net profit rises 15% to ₹387 crore in March quarter
- Canara Bank Q4 profit rises 18% to ₹3,757 crore
- Indegene IPO allotment – How to check allotment, GMP, listing date and more