Two unstable tower cranes at the site of the New Orleans Hard Rock Hotel collapse were brought down on Oct. 20 in a controlled demolition, but work to stabilize the structure is far from over.
Analysts note design firm's parallel sale and spinoff plans, but shedding construction assets will take longer. Activist investor was key sale catalyst, reports say.
Two tower cranes at the site of the New Orleans hotel collapse are in worse shape than initially thought, forcing responders to reconsider how to dismantle them. An upper section of a hotel under construction in New Orleans partially collapsed on Saturday, Oct. 12, killing three and injuring dozens.