Grandiose undertakings get expensive, but bringing technical marvels to life is never cheap. While the cost of a palace, luxury resort, or stately home may be quantified, its lifespan is nearly wholly unforeseeable. A building can last 100 years before coming apart in a decade. After the last javelin, billion-dollar Olympic communities decay. There are a lot of forgotten sites, from theme parks that formerly had thousands of visitors to shelled-out grand homes. Imagine spending $40 million on a project that lasts only a few years. Do not enter this business if you are not willing to risk. Discover the real story behind some of the world’s most expensive abandoned buildings.
30+ Most Expensive Abandoned Buildings In The World
Ryugyong Hotel
Location: North Korea
Year: 1987
Cost: $750 million*
Hilton has made billions from their endless series of hotels, but have you heard of the Ryugyong Hotel? The answer is likely no. The 1,080-foot Pyongyang tower began construction in 1987. Developers never opened the 105 Building hotel, which cost over $750 million. Work stopped in 1992 before the exterior was finished in 2011. Despite plans for a partial launch in 2018, the absurdly pricey hotel still towers above the district. Will the Ryugyong Hotel become what developers wanted, or is it too late? The project may lose no matter what occurs given its high cost.
Ryugyong Hotel
