6 Construction Projects that were a colossal waste of money and resources
2 Detroit People Mover
Detriot once was the 4th largest city in US and had a population of 1.8 million people. However in an example of irony, the city which was established by a flourishing automobile industry, was brought to ruins by a system of freeways giving people easy access to suburbs. Now the city has around 700,000 residents.
City leaders in mid 80s built a transit system connecting major business points and named it Detroit People mover, an elevated 2.9 mile one way tram around downtown that connects all major sites. However problems like nonexistent metro subway system and no connecting bus services meant that it was unfeasible for it to sustain operations. One person summed it as “horizontal elevator to nowhere.”
3 The Ryugyong Hotel
The Ryugyong Hotel construction started in 1987 and the aim was to build a 105 storey luxury hotel in Pyongyang, North Korea. The hotel was to have 3,000 rooms and it was supposed to be the world’s tallest hotel. However, costs overrun in 1992, after the collapse of Soviet Union stopped financial support to the project.
By then, $750 million were put into the hotel and for next 16 years, the hotel stayed the way it was. However, an Egyptian telecommunications company stepped in and put a glass façade on the hotel and there is no timeline on its completion.