NYC’s Luxuriest Building Is First Sandy Casualty: Live Webcast Of Crane Dangling On 75th Floor

Monday, October 29, 2012
By Paul Martin

by Tyler Durden

While we are still hours away from “Peak Storm”, the structural casualties are already adding up. FDNY reports a 2nd alarm alert at the soon-to-be tallest residential building in Manhattan – 157 West 57th Street (aka One57, where recently a record price was paid for a duplex apartment) entailing a dangling crane. The area is being evacuated – to somewhere we assume that does not have cranes (good luck finding that). The critical question for Steve Liesman remains – how much more is a ‘broken crane’ worth to GDP than a ‘broken window’? Live stream embedded below…

The Rest…HERE

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