Lego my funding! If the U.S. doesn’t get their act together, the only towers that will be built will be out of Lego blocks. The once mighty Dubai is seeing construction of amazing magnitude slow down to a creep, like the sands in the hourglass. These are The Days of Our Lives.
Iconic landmark structure construction, from the mid-east to the midwest Chicago Spire, are being slowed or even halted as access to funds dries up. The latest project to be stopped is in Russia and the powers that be put the fault right at the feet of two Americans.
Credit Crunch Architectural Delays
Bush and Greenspan Cause Towers of Trouble
Trend Themes
1. Iconic Landmark Construction - Disruptive innovation opportunities in developing alternative, more cost-effective construction methods for iconic landmark structures.
2. Funding Access Drying Up - Disruptive innovation opportunities in creating more accessible and flexible financing options for large-scale construction projects.
3. Slowdown in Construction Projects - Disruptive innovation opportunities in implementing efficient project management systems and technologies to streamline construction processes.
Industry Implications
1. Construction - Disruptive innovation opportunities in developing sustainable and modular construction solutions to mitigate the impact of funding fluctuations.
2. Finance - Disruptive innovation opportunities in creating innovative financial instruments tailored to the unique needs of large-scale construction projects.
3. Project Management - Disruptive innovation opportunities in leveraging advanced analytics and artificial intelligence to optimize construction project timelines and resource allocation.