Developer will demolish sinking Texas tower

09/22/2009 | New York Times (tiered subscription model), The

The developer of an unfinished, 31-story luxury tower on the Texas Gulf Coast will demolish the structure because it is sinking. The tower's core has sunk up to 16 inches, according to a lawsuit filed by developer Ocean Tower LP. The developer is seeking $125 million in damages from two engineering firms.

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New York Times (tiered subscription model), The

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