A 58-story skyscraper in San Francisco is tilting and sinking - and residents say their multimillion-dollar condos are 'nearly worthless'

millennium tower sinking skyscraper san francisco crack

Beck Diefenbach/Reuters

Pedestrians inspect cracks near the sinking Millennium Tower in San Francisco.

Bad news keeps piling up at the "leaning tower" of San Francisco.

Millennium Tower is a luxury residential high-rise that has sunk 17 inches and tilted 14 inches since it was completed in 2008. Though an inspection by the city showed it's safe to occupy, the building's wealthy residents take no solace. Their multimillion-dollar condos have tumbled $320,000 in value on average.Advertisement

Here's what we know about the fate of Millennium Tower.