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Calif. Ignores Sinking Building

Image: Calif. Ignores Sinking Building

Millennium Tower, San Francisco, Calif. 

(Eric Risberg/AP)

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Tuesday, 08 Nov 2016 10:47 AM Current | Bio | Archive

When I hear the phrase “larger than expected settlements” I eagerly anticipate the outcome. I’m envisioning a larger than expected inheritance, a bigger lawsuit award, or a real estate transaction gone right.

But then, I’m an optimist and I don’t live in San Francisco.

There when a grammar-challenged bureaucrat is worried about “larger than expected settlements” it means your apartment building is sinking. The 58-story Millennium Tower opened in late 2009, the Associated Press tells us.

Months before the ribbon-cutting the city’s chief building inspector Raymond Lui wrote the developer, Millennium Partners, expressing his concern about the disappearing building.

An engineering firm hired by the developers said that although the building had “unexpectedly” sunk 8.3 inches, "It is our professional opinion that the structures are safe."

That was good enough for Lui. What we don’t know is if it was good enough for the residents who paid up to $10 million for their homes, because the neither the city nor the developer saw fit to inform potential buyers that their “Home! Sweet Home!” was also a home sinking home.

Today the tower has almost doubled it’s depth, 16 inches, and it’s sinking unevenly, which means the penthouse owners, who paid the most, now have the most lean — 6 inches. It also explains why the water in the whirlpool never appears level.

Residents aren’t happy and who can blame them?

A man that paid $2.1 million for his two bedroom apartment wants to know “When is this building going to stop sinking?” The news isn’t particularly good. Another engineer hired by the developer predicts it “might” sink between 24 and 31 inches in total, but who knows?

Lawsuits have already started.

Residents contend Millennium cut corners on the foundation. Instead of extending piles 240 feet down to bedrock, the developer stopped driving piles between 60 and 90 feet. No one can give an exact figure for anything. Since the tower is built on a landfill this is too shallow for security and the building is too heavy to float.

Chris Jeffries, a founding partner at Millennium Partners, pooh-poohs this, "The building is 100 percent safe." But there’s no word on if he lives there.

My question for San Francisco taxpayers is are you getting your moneys’ worth?

Your city is ranked among the worst for regulation and intrusiveness into its citizen’s everyday lives, yet no one at city hall thinks that prospective apartment buyers should be informed their potential new home on the first floor might be a basement dwelling in a decade.

Michael Reagan, the eldest son of President Reagan, is a Newsmax TV analyst. A syndicated columnist and author, he chairs The Reagan Legacy Foundation. Michael is an in-demand speaker with Premiere speaker’s bureau. Read more reports from Michael Reagan — Go Here Now.


 

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Reagan
My question for San Francisco taxpayers is are you getting your moneys’ worth? Your city is ranked among the worst for regulation and intrusiveness into its citizen’s everyday lives.
calif, millennium, san francisco
465
2016-47-08
Tuesday, 08 Nov 2016 10:47 AM
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