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November 16, 2015July 1, 2022

9 Architectural Projects That Busted the Bank Vaults

Since the beginning of recorded time, construction projects have always been a major part of history. In fact, grandiose construction projects to erect the architectural visions of Pharaohs, Kings, Rulers, and Monarchs was used as a way to put the wealth and power of leaders on display for all of the people their lands to see.

Not surprisingly, all of these projects came at a great cost to the leaders that initiated them.

The Great Pyramid at Giza is one example of a grand architectural vision. This massive structure was built under the leadership of Egyptian pharaoh Khufu in the 26th century B.C.E. By the time work on the structure was completed, Knufu spent a great deal of his kingly fortunes on the project. According to sources, it is estimated that this project would cost more than $5 billion dollars to duplicate today.

Since then, there have been many other building projects that have cost significant amounts of money to build, some that were so grand in their scope they effectively broke the bank.

We will examine more of these projects here.

1. The Three Gorges Dam

This massive Chinese construction project took place over the Yangtze River in the Hubei province of Central China. This scope of this project was enormous and came with quite a bit of controversy due to the changes to the environment that were needed to make the project become a reality. When this project was approved in 1992, the Vice Premier at the time, Zoa Jiahua quoted the project cost at $8.35 billion to complete. In 2006, when the project was officially ended, the total cost ended up being closer to $37 billion dollars, or roughly four times more than the original estimate.

2. The Ryungyong Hotel

The ground broke for this 105 story luxury tourist hotel in 1987 in North Korea, despite the country being closed off to foreign visitors. After investing approximately $750 million dollars in the structure, the project came to an abrupt end when the Soviet Union, North Korea’s major economic supporter, collapsed. Today, the building remains unfinished and is recognised as being the tallest unoccupied structure in the entire world.

3. The MOSE Project

This building project was originally intended to help control flooding in Venice. However, it primarily served as a project to sink money into. The original budget for the project was $1.7 billion dollars but jumped to $8.1 billion over time. None of the work that was completed did anything to prevent flooding. Many people involved in the initial construction were arrested on bribery and corruption charges in connection with the project. Venice continues to have problems with flooding and sinking.

4. The Mirabel Airport

This airport was originally opened to serve Montreal, Canada in mid-1970. The Government seized 100,000 acres of land and displaced thousands of residents from their homes for the land that was needed to construct the airport. The cost of the land was $140 million dollars. This amount was eight times more than the costs that were originally projected. Once construction on the airport began, the price skyrocketed to a total cost of around $276 million dollars. Adding further pressure to the Mirabel Airport project was the fact that the Montreal-Dorval International Airport was located within a short driving distance away. While this airport did operate for a number of years, it ceased operations in 2004. In late 2014, demolition of the site began which added another $15 million dollars of cost to the failed project.

5. The Sagrada Familia

There is no doubt that building a Cathedral is no small undertaking. For the Sagrada Familia Cathedral, it is a project that has advanced at a snail’s pace and with a hefty price tag that can not even be calculated due to how slow the project has been to finish. Construction on the house of worship began in 1883. In 2015, it still needs to be completed. In 2011, the President of the Building Committee said that it might be completed in 2026 – 143 years after construction originally began.

6. The Millennium Dome

This is a London based project that has a happy ending, despite a shaky, and very expensive start. When construction of the Millennium Dome began in the 1990’s, the original budget of 758 million pounds was exceeded when it ended up costing 789 million pounds, so it lost money from day one, even without including maintenance costs. However, in 2007 the structure was sold to AEG and renamed the 02 Arena, so some of the initial investment money was recouped. This site is now a top venue for sporting events and concerts in the London, UK area.

7. The Channel Tunnel

Sometimes referred to as the “Chunnel” is a tunnel in the English Channel that links the United Kingdom with France. It’s not surprising that a project of this scope would cost a lot of money and time to complete successfully. In total, it took six years of work and $21 billion dollars to finish. In financial costs, it ended up being 80% more expensive than originally forecast. This privately funded project caused many of the initial investors to lose most of their investment due to over run costs. Today, their diligence to the project has made it widely successful. Hundreds of millions of people use the Chunnel trains to commute between France and the UK, with a travel time of around 35 minutes.

8. The Central Artery Tunnel Project

In 1991, Boston began construction of the Central Artery/Tunnel Project, also known as the Big D, to provide commuters with an alternative to using the main highway through the City. This project is one of the most expensive construction projects in the history of the United States with a ‘real’ cost of $22 billion dollars once interest on the funding for the project is paid off in 2038. The Central Artery/Tunnel Project included the construction of roads, bridges, and even a tunnel that was built under the Boston Harbor. While this project did have the original effect it was supposed to have by alleviating traffic congestion in parts of Boston, overall traffic in the areas where the Big D serves has also increased.

9. The Panama Canal

The Panama Canal is another example of a building project that came with many personal and financial losses during its construction in the early 1900’s. The project was hexed with obstacles including outbreaks of deadly malaria and mudslides that, according to hospital records, resulted in over 5,600 labourers deaths. Today, the Panama Canal remains a key part of the shipping industry between the Atlantic and the Pacific Ocean. In 2014, work at the Canal ground to a halt after a dispute between the Panama Canal Authority and a conglomerate of European construction companies disagreed who would pay for a $1.16 billion overrun in costs. All parties involved in the dispute agreed on stop-gap funding that put the project back in action. In 2015, expansion work on the Panama Canal continues and the overall costs of the project continue to rise.

October 1, 2015July 1, 2022

43 Great Quotes To Inspire You To Be a Better Christian Leader

Anyone who has responsibility for the work of others understands the unique challenges that come with managing people.

Over the years, various thought leaders have come up with pearls of wisdom in the form of quotations that when given some thought, have a lot to teach us. Sometimes a simple quote is just the thing to lift our spirits, to make us smile or to give us the energy to keep going when we’re feeling low.

Here are 43 such quotes to make us better Christian leaders.

“The Christian leader of the future is called to be completely irrelevant and to stand in this world with nothing to offer but his or her own vulnerable self.” – Unknown
“In most cases being a good boss means hiring talented people and then getting out of their way.” – Unknown
“The good news is, God has provided us with a LifeBook to help us – the Bible.” – Unknown
“Encouragement is the oxygen of the soul.” – John Maxwell
“There’s only two things you can start without a plan: a riot and a family, for everything else you need a plan.” – Unknown
“Rejection is an opportunity for your selection.” – Unknown
“People don’t care how much you know until they know how much you care.” – John Maxwell
“Leadership is getting people to work for you when they are not obligated.” – Fred Price
“Running a project without a work breakdown structure is like going to a strange land without a roadmap” – J Phillips
“You don’t have to hold a position in order to be a leader.” – Henry Ford”
“Have a good plan, Execute it violently, Do it today” – General Douglas McArthur
“The single biggest problem in communication is the illusion that is has taken place.” – Unknown
“To improve is to change; to be perfect is to change often.” – Winston Churchill
“A project without a critical path is like a ship without a rudder.” – D. Meyer
“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” – John Quincy Adams
“What’s measured improves.” – Unknown
“A goal without a plan is just a wish.” – Antoine de Saint Exupry 1900-1944, French writer and aviator
“If it is not documented, it doesn’t exist. As long as information is retained in someone’s head, it is vulnerable to loss.” – Unknown
“It must be considered that there is nothing more difficult to carry out nor more doubtful of success nor more dangerous to handle than to initiate a new order of things.” – Machiavelli 1446-1507, Italian statesman and philosopher
“No one can whistle a symphony. It takes a whole orchestra.” – Unknown
“Luck is for the ill-prepared.” – Unknown
“Tell me and I’ll forget, show me and I may remember, involve me and I’ll understand.” – Chinese Proverb
“Of all the things I’ve done, the most vital is coordinating the talents of those who work for us and pointing them towards a certain goal.” –Unknown
“PMs are the most creative pros in the world; we have to figure out everything that could go wrong before it does.” – Fredrik Haren
“Why do so many professionals say they are project managing when what they are actually doing is firefighting?” –Unknown
“The first responsibility of a leader is to define reality. The last is to say thank you. In between, the leader is a servant.” –Unknown
“Ensure your documentation is short and sharp and make much more use of people-to-people communication.” –Unknown
“Quality means doing it right when no one is looking.” – Henry Ford
“Leadership offers an opportunity to make a difference in someone’s life, no matter what the project.” – Bill Owens
“Leaders must be close enough to relate to others, but far enough ahead to motivate them.” – John C. Maxwell
“Leaders have two characteristics: first they are going somewhere, and second they are able to persuade other people to go with them.” – John Maxwell
“The key to successful leadership today is influence, not authority.” – Kenneth Blanchard
“The manager asks how and when; the leader asks what and why.” – Warren Bennis
“The best example of leadership is leadership by example.” – Jerry McClain
If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” – John Quincy Adams
“The authority by which the Christian leader leads is not power but love, not force but example, not coercion but reasoned persuasion. Leaders have power, but power is safe only in the hands of those who humble themselves to serve.” – John Stott
“We can be tired, weary and emotionally distraught, but after spending time alone with God, we find that He injects into our bodies energy, power and strength.” – Charles F. Stanley
“Jesus said, “For even the Son of Man came not to be served but to serve others and to give his life as a ransom for many.” – Mark 10:45
“We are all faced with a series of great opportunities brilliantly disguised as impossible situations.” –Unknown
“Be faithful in small things because it is in them that your strength lies.” – Mother Teresa
“The greater your knowledge of the goodness and grace of God on your life, the more likely you are to praise Him in the storm.” – Matt Chandler
“Continuous effort – not strength or intelligence — is the key to unlocking our potential” – Winston Churchill
“God is most glorified in us when we are most satisfied in Him.” – John Piper

If you know a great quote or scripture that will inspire others to lead their churches better, please feel free to share it in the comments below.

September 30, 2015July 1, 2022

The Golden Gate City’s out-of-control Housing Market: San Francisco Shack Just Sold for $1.2 million

The listed property at 16 De Long Street in San Francisco that sold for $1.2 million. Courtesy of Vanguard Properties

Long Way from Home: The Housing Crisis Lingers On “Distinguished home in need of work” as listed with Vanguard Properties “Housing Special.” However, is this property a rich man’s dream or worst nightmare?

With rotting wooden shingles, peeling paint and boarded-up windows, this 1906 single-story home need’s a lot of work. But the price is what had people talking. The asking price was $350,000, for 2 bedrooms, one bath, and a mere 765 square feet, about the size of a hotel suite.

The Golden Gate City’s out-of-control Housing Market

Located at 16 De Long Street in the more affordable Outer Mission district, the house price reflects the out-of-control real estate market in San Francisco. Since 2012, the city has seen a 103% increase in housing prices. The average apartment in the city rents for $3,500 a month, and the median housing price reached an all-time high of $1.2 million and it’s expected to climb another 5.2% in the year ahead, according to Zillow. Manhattan rents in August, by comparison, topped $3,460, according to StreetEasy, a New York real-estate research firm that’s part of the Zillow Group Z, -2.95% .

The San Francisco Real-estate Market Is Probably the Hottest Market in the U.S Right Now

Not surprisingly, given the state of the actual building, the home’s value isn’t in the structure but in the land that it sits on.

Thinking of Moving to San Francisco to Make It Big in the Tech Industry

With the influx of tech workers driving up the housing market, along with a strain on the supply of houses to meet demand, it is understandable to brokers in San Francisco why prices seem so unrealistic.

$1.2 Million Is What It Costs to Buy a Shack in San Francisco, Literally

The home is an earthquake shack. These tiny homes were built after the 1906 earthquake to house people who lost their residences. Many still remain around the city and have been restored, updated and refurbished.

According to a report from Curbed San Francisco, the house had rats, black widows, mold, and hundreds of bottles of urine inside it when it went up for sale and was subsequently sold for $1.52 million.

The tiny home backs on to the eight-lane 280 freeway and a Bay Area Rapid Transit, or rail line that begins running at 5 a.m. and doesn’t stop until nearly 2.a.m.

On the flip side biking it to the local station only takes eight minutes and getting on to the freeway isn’t difficult either, if you want to get out of town or into the city by car. Three golf clubs are also nearby. And, for those late-night snacks, a convenience store stands just a few steps away at the corner of De Long and San Jose Avenue.

So maybe it wasn’t such a bad deal, after all? or is it a sign of how crazy the San Francisco real estate market has become?

Michael Lewis, writing for The New Republic, describes the negative effect of wealth on the moral behavior of wealthy people. He cites studies in which wealthy people, again and again, demonstrate a sense of entitlement and disregard for justice.

“As the recession lifted, poor and middle class Americans dug deeper into their wallets to give to charity, even though they were earning less. At the same time, according to a newChronicle analysis of tax data, wealthy Americans earned more, but the portion of the income they gave to charity declined.”

So rich people, statistically speaking, demonstrate disregard for their fellow citizens and the laws of the land. None of this should come as a surprise for Christians. Jesus warned of the dangers of wealth (Matthew 13:22) and of course Paul warns in 1Timothy, “the love of money is the root of all evil.” And yet solving the problem of extreme wealth in America is not so easy as spouting Bible verses. And for wealthy Christians, the solution to the problems of extreme wealth comes from entrusting that wealth to the Lord to the benefit of all.

September 21, 2015July 1, 2022

Spectacular Architecture and Infrastructure Projects That Take Your Breath Away

DBOX for CIM Group & Macklowe Properties

The advent of the ‘megaproject’ is truly upon us as such projects become a key feature of city landscapes.

The Empire State Building, the Panama Canal, the Regatta Hotel in Indonesia – these are just a few of the architectural and infrastructure wonders of the world that you probably take for granted. With the National Geographic putting images on the map and now the Internet fuelling easy access to pics, it’s easy to forget how difficult these projects are for engineers to build. Behind the scenes, much goes on to tackle the making of a magnificent bridge, building or highway and byway. Here are a few such projects that should cause you to sit up and have your breath taken away because of their grandiosity, complexity and stunning beauty.

New York Residential Building

Still in the building stages, a residential towel at 432 Park Avenue is set to be one of the most expensive addresses in the U.S. Taller than the Empire State Building by 50 meters, the 426 meter building is considerably large, but plans to host just 104 apartments. Living in the building will cost you, though. If you’ve got $17 million you can start the process of bargaining for an apartment; however, the best apartments are the penthouses that will span an entire floor and go for $82 million or more.

The Panama Canal

Now that the Panama Canal has been in place nearly 100 years, we take for granted how it revolutionised trade and travel. The recent billion dollar improvement projects increased the length and width of the canal, adding more locks at both ends of the passageway connecting the Atlantic and Pacific oceans. Now that even bigger container vessels can travail the Canal, neighboring Nicaragua is in the planning stages of building its own canal – to the tune of $40 billion. The best and brightest engineers harnessed real ingenuity to figure out how to tame Mother Nature to advance the cause of expanding travel.

Hong Kong Zhuhai Macao Bridge, China

Hong Kong’s bridge project is one of the largest most complex in the world and uses a series of tunnels and bridges to connect three major cities: Hong Kong, Zhuhai and Macau. Costing more than $10 billion to build, it will drive the freight land transport needs of the region as well as facilitate the movement of passengers between the cities. The three-lane bridge and tunnel roadway includes the construction of two artificial islands to accommodate the building of the various roads involved with the project.

These and other architectural projects that defy gravity, plunge the depths of the ground and cover the sea are a wonder to behold. They put the best of human genius to work to solve complex problems such as how to build a bridge over a considerable expanse of water and accommodate tunnels under the water. The creativity of the world’s engineers and architects are put to the test, and they come up as winners every time with projects like the Park Avenue residential building, the Panama Canal and The Hong Kong-Zhuhai-Macau Bridge. However, the human mind still can’t come close to understanding the vastness of the whole universe. But as we get better at it, we clearly see two things: how tiny and insignificant man is by himself—and just how huge and wonderful is the plan that God most have for us!