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Economic Woes Wipe U2 From Dublin's Skyline

U2 Tower, Edge, Bono AP Photo/PA, Geranger Ltd, HO, Kevin Mazur/Getty Images

Count U2 among the list of global economic casualties.

The Dublin Docklands Development Authority in the band's native Ireland has suspended construction on the U2 Tower, a $250 million skyscraper boasting an egg-shaped recording studio at its peak.

"The objective is to see this landmark project completed," the DDDA said in a statement Friday. "However, given the current unfavorable economic environment, more time is needed at this juncture."

Somehow we feel that, despite the inevitable civic disappointment, people in recession-ravaged Ireland will understand.

The proposed tower, an ecofriendly structure designed by British architect Norman Foster, was to measure nearly 400 feet, making it Dublin's tallest building, and include million-dollar luxury apartments, a viewing platform for the public, solar paneling, wind turbines and a tunnel to allow riverside traffic to drive through the base of the building.

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