"My job is to manage the property for the court while the two parties proceed with their foreclosure," Stephen Bell told the Chicago Tribune on Tuesday. "It’s simply a vacant parcel and my job is to watch it.”
Irish developer Garrett Kelleher's company lost control of the site Tuesday. The 2,000-foot-tall Chicago Spire, designed by Spanish architect Santiago Calatrava, would have been the tallest building in North America, but it fell victim to the economic downturn.
Two Chicago-area firms have purchased the delinquent property taxes on the site.