![]() Any legal fees incurred by the policyholders could be deducted from their policies. Ancillary policies held by the building’s architect, structural engineer, and general contractor are worth another $50 million to $100 million, according to one of the people. Two people with knowledge of Millennium Partners’ liability policy say the developer is insured to cover some $100 million in damages caused by settlement or construction defects the policy is split among several insurers. The building, meanwhile, continues to sink.Īs Agabian and more than 20 other residents file multiple lawsuits against the building’s developer, the city of San Francisco, and the Transbay Joint Powers Authority, another, potentially more ominous development has emerged. “And we have no idea whether or not there’s a fix to it, and if there is a fix to it, what it will entail.” “You can imagine how distressed we were to know that, for one, our lifetime investment and savings are at risk,” she said. Crown Fountain, a pair of 50-foot glass block towers set in a plaza of black Zimbabwe granite, is a public space where children of all ages enjoy running and splashing in the reflecting pool.The 58-story tower’s shine faded on May 10, 2016, when Agabian attended a homeowners association meeting and was informed that the building had sunk 16 inches into the earth and tilted over 15 inches at its tip and 2 inches at the base, according to suits filed by residents and the city of San Francisco. Visitors can walk around and underneath it, see their reflections and maybe even take a selfie. Cloud Gate’s popularity is partly due to its interactive nature. An overhead trellis of crisscrossing steel pipes extends from the stage over the great lawn and provides mountings for a sophisticated sound system. The Pritzker Pavilion, whose billowing brushed stainless steel headdress stands 120 feet high, increases access to outdoor performances like the Grant Park Music Festival. Millennium Park celebrates many qualities Chicago residents love about their city. The Crown Fountain, by Spanish artist Jaume Plensa. ![]() Cloud Gate, created by Indian-born British artist Anish Kapoor and nicknamed“The Bean" by Chicagoans.The Pritzker Pavilion, by world-renowned architect Frank Gehry.Load Another Factīecause new buildings are forbidden in the park, structures in Millennium Park are either labeled as art or they are buried underground. Millennium Park is a 24.5-acre rooftop garden built over an underground parking garage. One thousand residents’ faces appear in random order on LED screens. Did You KnowĬrown Fountain is comprised of two 50-foot-tall glass brick towers that display a cross section of Chicagoans. Did You Knowįrank Gehry’s Pritzker Pavilion cost $60 million and is made of 870 tons of steel. Did You KnowĮvery hour, 11,500 gallons of water flow through Crown Fountain, pumped from a 140-gallon reservoir under the reflecting pool. ![]() The sculpture weighs 110 tons and is made up of 168 stainless steel plates stitched together with tack welds. Cloud Gate cost $23 million to create and transport to the park. ![]()
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