A foreclosure lawsuit has been filed against the Chicago Spire’s land owner. Ideas for the hole have been proposed, though I can’t think of anything more resonant than a giant, foreclosed-upon hole. We could try throwing virgins down it, but it probably wouldn’t help. Maybe Alan Greenspan?
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Foreclosures generally may end up being the economic issue of the next few months (or longer). Coincidentally, I just finished reading Lee Sandlin’s 1993 essay “The American Scheme,” which I highly recommend. It’s a poignant family history about fathers and sons, masculinity and the American idea of the Regular Guy, noir fiction, and building subdivisions in the sand. And it will be familiar to anyone who’s been following the bursting of the housing bubble, or even just seen what it looks like from space.
Just another hustle.
