Anyway for this job, we are in Wichita Falls, Texas - home of the World's Littlest Skyscraper.
As the story goes, the developer of this project, J. D. McMahon, announced that he was going to build a high-rise in order to solve the problem of the lack of office space in the growing oil-boom town. He collected $200,000 from investors, having them sign off on the plans of the proposed building. Mr. McMahon built the building as designed (on property he did not own and did not have permission from the owner!) and promptly left town with the remainder of the capital investment.
The investors were up in arms about their 'skyscraper' when they saw it.
Apparently, no one looked very carefully at the blueprints when they signed on and gave their money. The scale was in inches. So the investors had a 480" building rather than a 480' building! The investors brought suit but their legal maneuvers were in vain. Mr. McMahon had built exactly what he said he would.
Lesson: Always read the fine print!
6 comments:
I love how you find the interesting history on these buildings/places you photograph. So cool!
I've never heard that story about Wichita Falls! What a hoot! How long will you be there? It's only 6-1/2 to 7 hours from here, which isn't far in Texas.
;-)
Well---if Vol Fan enjoys renovating 7-11's, you all may have plenty of jobs (and experiences) ALL over the country....
Funny about that building. YES---read the fine print.... ha
Cold here this week... We've had a fire in the fireplace all week... LOVE it.
Hugs,
Betsy
That's got to be one of the best scammers in history!
That is quite a story. I'll bet those investors read the fine print for the rest of their lives .
The skyscraper story is hilarious....and scary!!!
Best of luck in the new endeavor!
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