Michael J. Kelly

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Former Chicago Spire developer demands Irish banking agency pay $1.2B for torpedoing skyscraper project

By Jonathan Bilyk | Feb 28, 2018

A real estate development firm that had traveled the world, selling the idea of luxury condos high above downtown Chicago in what was to be one of the biggest additions to Chicago’s iconic skyline in decades, is now asking a federal judge in Chicago to order a publicly-funded Irish national banking agency to pay out $1.2 billion for allegedly torpedoing the planned Chicago Spire project out of “bad blood” and “spite,” leaving Irish taxpayers holding the bag and a giant hole in the ground in Chicago.

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