Colossal Waste of Money

http://www.burjdubai.com/

I was disgusted that an opening ceremony was held for this disgusting display of phallicism. I cannot believe that even though the economy in Dubai is in shambles from the splurging they did in the first place (think indoor ski sloops and Tiger Woods Dubai, see picture below) that they went ahead with this waste of a project. Dubai is making claims that this mixed use building is 90% sold and/or leased. According to reports the skyscraper is a half -mile-high, contains 160 stories and cost $1.5 billion to build.

This "thing" has been hailed as the tallest building in the world. Ironically, a few weeks ago I was just reading that officials in Dubai were trying to "defer" loan/mortgage payments because they hadn't realized profits for the useless structures they had built and couldn't afford the payments for, who would have figured *insert sarcasm here*? It is so sad to see this type of spectacle made out of Dubai, but they have no one to blame but themselves. The government clearly has a "build now, plan later" mentality that is not proven to be a key ingredient in longevity or economic stability.  What I really want to know is if all this Arab money has the answers to what the people who work in these gross tourist attractions will do when the ride is over.

http://www.tigerwoodsdubai.com/