1989: A Hole lot of work

An interesting report from The Daily Telegraph in 1989, where it looks at the early stages of the construction of the failed World Square project in central Sydney. Demolition work had begun on the former site of the Anthony Horderns department store three years earlier in 1986. Now the entire site was a hole in the ground. A year later, disputes led to the collapse of the project. By then the basement levels were under construction and a lift core for one of the four proposed towers was well above ground. It was not until the late 1990's that work would resume on the site (well part of it at least) with the construction of the first tower known as Hordern Towers, a hotel and residential apartment tower at the corner of Liverpool and Pitt Street. 

Construction work on the four towers and shared retail podium was estimated to cost about $1.5 billion. Completion was set for 1992, a quite ambitious goal given the scale of the project. 

Source: Deegan, L. 1989. "A hole lot of work: City digs deep for a $1.5 billion job," The Daily Telegraph, March 8:17.