Tower of Commerce of City of New Summerset
Tower of Commerce of City of NS, also known as Tower of City of NS, World Centre of City of NS and Financial Centre of City of NS, is an upcoming skyscraper under construction in the City of New Summerset, New Summerset.
History
Plans for the Tower of Commerce of City of NS began in 2012, when words about the upcoming Langenthal World Financial Centre spread. At the time, it was simply known as Tower of Summerset, and was planned to be erected in Summerset. The planning committee, colloquially known as The Tower Group (ab. TTG), consisted of several entrepreneurs and investors who founded an official company in advance to secure funding for the project.
In 2014, funding was successfully secured from Bank of Langenthal, and plans for Hard Erections to start construction began. Before construction could fully begin, however, Summerset was razed to the ground and all existing plans for the skyscraper had to be scrapped. Due to this event, Bank of Langenthal withdrew its financial support.
Due to the amount of money invested in the project, TTG continued planning in the newly constructed New Summerset. Because the city was in its early development stages, they could afford a decently sized plot of land in the City of New Summerset. From this stage onward, the project was dubbed Tower of City of NS.
New Summerset grew incredibly fast in its first year, and was quadruple the original size of City of New Summerset in the beginning of 2016. Upon learning of this enormous growth, World Financial Group offered to fund the new skyscraper. TTG rejected this, fearing WFG would place unreasonable demands on the project. Instead they reached out to Vales Union, who, with a hard bargain, accepted funding the project. The project would from then be known as the Financial Centre of City of NS, on request by Vales Union, who now owned 60% of TTG.
After funding was secured, however, Hard Erections withdrew from the project due to some conditions they disagreed with, and TTG had to look out for other building contractors. Eventually they struck an agreement with Bill the Builder's Building Business, who had no experience with construction of skyscrapers. Planning of the building then continued for full.
Planning turned out to be quite challenging, however. The building schematics were frequently turned down by NS CoCaine due to fundamental construction flaws making the project too unsafe to carry out. In 2017, 4B decided to pull out of the project, leaving the project without a construction contractor.
It would take until 2018 to yet again secure construction from Hard Erections, who agreed with heavily altered terms and conditions. Shortly after the same year, however, Vales Union would pull their funding, due to having large unforeseen costs attached to Torre Caja Tinville, a skyscraper in Tinville they had acquired in 2016.
With no other options, TTG had to reach out to WFG yet again, who now were stronger in the negotiations, placing stricter demands. TTG reluctantly accepted, and had to rename the skyscraper to World Centre of NS and handing 80% of the shares to WFG. Planning then began and construction seemed within reach. The project would not, however, become smooth sailing any time soon. TTG frequently ran into disputes with WFG, and their interests continued to clash, halting the entire project. During these clashes, TTG came back to Bank of Langenthal to conspire a potential buy-out of WFG. They eventually agreed, and WFG would be bought out in 2019.
What Bank of Langenthal did not know, however, was that TTG had behind their back reached out to Bank of Ihazon to buy out Bank of Langenthal. Despite Bank of Ihazon usually not investing money in private projects, an exception was made for this, and Bank of Ihazon now owned 51% of TTG's shares, with the remainders of Bank of Langenthal's shares being given to TTG. The entire project was now renamed to Tower of Commerce of City of NS.
The conspiring would, however, not end there, as TTG had reached out in secret to Vales Union again, but this time seeking a humble loan. With this loan, they exploited a part of the contract with Bank of Ihazon that was written with tiny letters, and bought 2% of the shares, leaving Bank of Ihazon with 49% of the shares. This gave TTG majority in the project, allowing them full construction ahead.
Bank of Ihazon as well as Bank of Langenthal would not take lightly on this. In early 2020, they both sued TTG for fraud and contract manipulation. Later the same year, they both would join forces and do a joint strike lawsuit against TTG. Directly after this, WFG would come in and sue both TTG and the joint Bank of Ihazon/Bank of Langenthal. Upon learning they had been involved in numerous lawsuits, Vales Union sued WFG as well as TTG. The ensuing legal chaos in turn turned Hard Erections to yet again pull out of the project until this was sorted out.
To this day, the project is in a perpetual cycle of interruptions, and it is unknown whether the skyscraper will ever be built.