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Further criticism refers to the more fundamental urban development question as to whether a skyscraper of the planned construction volume fits in with Hamburg's building tradition. There are also concerns that the project—similar to other major local and national projects, such as the [[Elbphilharmonie]], which opened about a year before the presentation of the draft—could, depending on the contractual details, put another huge financial burden on the city.<ref>{{cite web|last=Schirg|first=Oliver|url=https://www.abendblatt.de/hamburg/article209887309/Zu-hoch-Hamburg-streitet-um-den-Elbtower.html|title=Zu hoch? Hamburg streitet um den "Elbtower"|website=Hamburger Abendblatt|language=de|date=10 March 2017|access-date=24 April 2023|archive-date=21 April 2022|archive-url=https://web.archive.org/web/20220421194237/https://www.abendblatt.de/hamburg/article209887309/Zu-hoch-Hamburg-streitet-um-den-Elbtower.html|url-status=live}}</ref><ref>{{cite web|last=Lorenz|first=Markus|url=https://www.shz.de/deutschland-welt/hamburg/artikel/groessenwahn-oder-grosse-chance-so-reagiert-hamburg-auf-den-elbtower-41622887|title="Größenwahn" oder "große Chance": So reagiert Hamburg auf den "Elbtower"|website=SHZ|language=de|date=10 March 2017|access-date=24 April 2023|archive-date=25 April 2023|archive-url=https://web.archive.org/web/20230425001846/https://www.shz.de/deutschland-welt/hamburg/artikel/groessenwahn-oder-grosse-chance-so-reagiert-hamburg-auf-den-elbtower-41622887|url-status=live}}</ref><ref>{{cite web|url=https://www.welt.de/regionales/hamburg/article162672516/Elbtower-Hamburg-baut-Megahochhaus-in-HafenCity.html|title="Elbtower" – Hamburg baut Megahochhaus in HafenCity|website=Welt|language=de|date=8 March 2017|access-date=24 April 2023|archive-date=21 April 2022|archive-url=https://web.archive.org/web/20220421194234/https://www.welt.de/regionales/hamburg/article162672516/Elbtower-Hamburg-baut-Megahochhaus-in-HafenCity.html|url-status=live}}</ref>
== 2023 Construction stop ==
In November 2023, Reuters reported that construction had been halted apparently because the main developer, Signa, a company founded by [[Rene Benko]], had failed to make its payments to Lupp, the construction company.<ref>{{cite news| url= https://www.reuters.com/markets/europe/hamburg-skyscraper-construction-halted-grim-sign-german-property-sector-2023-11-03/| author=Tom Sims| title=Hamburg skyscraper construction halted in grim sign for German property sector |publisher=[[Reuters]] |date=November 3, 2023| accessdate=December 2, 2023}}</ref> If Signa fails to meet its contractual obligations, the City of Hamburg may issue penalties and claim repurchases rights.<ref name=malsch>{{cite news |url=https://www.bloomberg.com/news/articles/2023-11-11/billionaire-rene-benko-s-property-woes-risk-leaving-scars-in-hamburg |author=Laura Malsch | title=Billionaire Benko’s Property Woes Risk Leaving Scars in Hamburg |publisher=[[Bloomberg]] | date=November 11, 2023 |accessdate=December 2, 2023}}</ref>.
== See also ==
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