Home › News ›

Libeskind Says Downturn is Right Time for Mega Projects

Posted by: Nate Berg

17 December 2009 - 7:00am

Architect Daniel Libeskind, designer of part of the new Las Vegas megaproject CityCenter, says now is the right time to be building big and bold projects.

"SPIEGEL ONLINE: Mr. Libeskind, you are the designer of "Crystals", a gigantic shopping center that is part of the $8.5 million CityCenter complex in Las Vegas, the largest privately financed building complex in the history of the US. You designed the retail centerpiece complete with luxury stores such as Tiffany, Gucci and Prada. Isn't all that a little anachronistic in these times of economic crisis?

Daniel Libeskind: On the contrary. Projects that are very bold and have a financial value that lasts are really important, especially in times when people don't have money. This is not the time for mediocre projects. Only in crisis times like these do people go out and do extraordinary things. This is how the Empire State Building or the Rockefeller Center got built."

Full Story: In Times of Crisis 'People Do Extraordinary Things'
Source: Der Spiegel, December 16, 2009
»
Bookmark and Share
“
One of the keys to regional and local prosperity is the ability to attract and retain high-skilled people. ... Many people can, and do, choose where they want to live based on factors beyond their ability to make a living.
”