All over the world, there are great attractions and resorts that have had millions invested into them, but have either failed to be completed or have failed to succeed. Here are a few examples:
Still not completed to date, with a cost of 120 million euros invested, construction of the 48-floored hotel was put on hold in 2008. Many errors were detected during construction at a structural level. In the case of an earthquake (expected to occur in the next 30 years in Las Vegas), the building would collapse.
The World Islands, Dubai
Following the success of Dubai Pal, the famous island shaped like a palm tree, they continued building more islands that represented the world from an aerial view. Some of the islands were sold in 2008 but due to the economic crisis, construction was ground to a halt. Some of the islands began to sink which led to many legal disputes with the state construction company belonging to the Emirates. The cost of the islands amounted to 19 billion euros.
Revel Casino, Atlantic City
This hotel was started in 2007 with an initial budget of 1,800 million euros but ran out of money in 2009. In the end, the company filed for bankruptcy and it has now been sold to a Canadian company hoping to complete the work.
Wonderland Amusement Park, Beijing
They wanted it to be the largest amusement park in China. However, 15 years later, they have finalized plans to demolish it. The incompletion of the park was caused by the corruption of Beijng’s mayor. When he was replaced, the new mayor decided not to continue with the park. The project had required an expenditure of 110 million euros.
Ryugyong Hotel, North Korea
A project of 500 million euros, started in 1987 under the regime of Kim Jong-Un’s grandfather. For many decades, it was known as the ‘destination hotel’. An Egyptian builder decided to continue the project and would manage Kempinski once it was finished, but it is still not finished and will probably be demolished. The hotel has a place in the Guinness Book of Records for being the tallest, unoccupied building in the world.
Monday 6 October 2014 17:57 | Published by Hotelopiauk | Category: Travel News