August 8, 2009
According to the original plan, the hotel was supposed to open in 1989, however construction problems forced the government to postpone its opening several times. In early 1990s multiple problems hit the project, low quality of materials, electricity shortages in the city, famine in the country, all became serious obstacles to completion of the building and the expected foreign investment never materialized. Finally in 1992 construction was halted, citing financial problems. Japanese sources estimate that the project swallowed over 2% of North Korea's GDP, or roughly 750 million US dollars.
Posted by Vanderleun at August 8, 2009 1:31 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
Is that a little windmill at the top?
Well, at least it's green.
Posted by: Ricky Raccoon at August 8, 2009 4:48 AM
They'll break even in 10 trillion years.
Just like us!
Posted by: Ricky Raccoon at August 8, 2009 4:50 AM
All they need is a flaming eye on top.
Posted by: Mikey NTH at August 9, 2009 3:22 PM