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Panama’s Los Faros project hounded by creditors and paralyzed since 2008

Tuesday, March 15, 2011


Panama’s Los Faros, once scheduled to be the tallest building in Latin America, is hounded by creditors.

The project, in one of the most expensive areas of Panama City, has been paralyzed since 2008, when its foundations were installed.

The project was described as costing $600 million, and Spain’s Grupo Mall and its subsidiaries planned three towers, of which the highest was to be 361 meters.

Original source (in Spanish): Los Faros