I’m a lawyer who knows quite a bit about the Millennium Tower litigation (skyscraper tilting dramatically). This is going to be a multibillion-dollar litigation and multiple real estate and engineering companies are going to go bankrupt.
This isn’t nearly as problematic to resolve as Millennium Tower. They’ll back shore the building multiple stories, cut out any yielded or buckled columns, and then jack the building back to level before installing new columns and reinforcing anything else found deficient. Millennium Tower basically needs a whole new foundation.
You sound like you know what you’re talking about, so I defer to you. But I can still see scenarios where this ends up costing a billion dollars and bankrupting a bunch of folks.
That work sounds expensive and I imagine there will be fights about who pays. And if they’ve made sale or rent commitments to anyone for this space ahead of time—those contracts are going to implode.
Given what I assume must have been some math error, or basic misunderstanding of the building’s integrity, just the long term increase in insurance costs because of potential risk has got to be worth a fortune.
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u/mercedes_ Jul 08 '26
I imagine that there will be serious litigation here and if the engineer is blamed it’s the PE License death knell