Bank of America forcloses on Waterview building, lawyer calls it worthless

Wow. It seems getting into the Sky Scraper market is easier now than it ever was.

But then, even some of the most distinctive inhabitants of our skyline have had shaky financial beginnings. Here's a 1969 article from Time magazine about the "new" John Hancock building -

Soon after ground was broken in late 1965, however, Wolman found himself overextended in a number of other financial dealings. His troubles were aggravated when a faulty support caisson required the costly dismantling of part of the building's superstructure. Wolman wound up selling his interest in the skyscraper for a $5,000,000 loss in late 1966. He is currently involved in bankruptcy proceedings in an effort to salvage his interests, which include ownership of 52% of the National Football League's Philadelphia Eagles.