BRAND NEW ON E!
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.