 The Fordham Company pledged nearly $500,000 to assist in the development of the park, which was to adjoin the site of their new tower.But one year later Carley failed to obtain the necessary financing for his project, and the development of the adjacent tower was turned over to Garret Kelleher of Shelbourne Development and the building was renamed Chicago Spire.In late 2006, the "Chicago Sun-Times" reported that the project may be going forward with a compromise on the design being reached, but no further financial assistance was promised.