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flyAU
Atlanta Braves Fan
ATL
Member since Dec 2010
22020 posts

Let's discuss the concrete tower in the sky (Thyssenkrupp elevator)
Motherfrickers sold their elevator business to some consortium (I am not familiar with) I see they are still building with the insane bull shite we are all dealing with.

Tell me we are going to have the awesome elevator tower promised and not a USSR half assed concrete tower hanging around because of a virus...

This post was edited on 4/2 at 2:42 am


Wally Sparks
Georgia Tech Fan
Atlanta
Member since Feb 2013
21169 posts

re: Let's discuss the concrete tower in the sky (Thyssenkrupp elevator)
From what I've seen they're still working on it.


flyAU
Atlanta Braves Fan
ATL
Member since Dec 2010
22020 posts

re: Let's discuss the concrete tower in the sky (Thyssenkrupp elevator)
I am off South Cobb and havent been driving around lately so hadn't seen it in the last few weeks. Still worried about the long term prospects but hopefully the project is fully funded to completion before the economic downturn. Loved the concept of them building it but worried its going to stall now.


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AtlantaLSUfan
LSU Fan
Arlington Va
Member since Mar 2009
16615 posts

re: Let's discuss the concrete tower in the sky (Thyssenkrupp elevator)
It’s a strange sight.


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Dick Leverage
Georgia Fan
In The HizHouse
Member since Nov 2013
8666 posts

re: Let's discuss the concrete tower in the sky (Thyssenkrupp elevator)
The elevator division earned a 11.4% profit in 2019 but TK unloaded it anyway. Advent acquired the division for $19 billion which is the largest private equity acquisition in European history.

The division was very profitable and is expected to thrive even more now that it is disconnected from a parent company that carried a heavy debt burden. TK has many divisions (submarine, steel, etc) and will need the proceeds to clean up finances in their other groups.

This is a specialized elevator test tower with a 2 story event venue on the top two floors. It’s not like it can be repurposed at this stage. I would imagine that Advent didn’t acquire the very profitable division for $19b just to close it down. This project will be finished.


flyAU
Atlanta Braves Fan
ATL
Member since Dec 2010
22020 posts

re: Let's discuss the concrete tower in the sky (Thyssenkrupp elevator)
quote:

Dick Leverage


Good info. Drove to a dr appt yesterday and saw they are still working. Figured they would be on hold with all this shite.



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