Chicago Spire settlement deal approved by judge

March 26, 2014 3:51:06 PM PDT
A bankruptcy judge approved a settlement between the developer of the Chicago Spire and its largest creditor.

It will give the developer more time to try and obtain $100 million needed to restart the project.

The spire would be 150 stories and located at 400 North Lake Shore Drive. This artist rendering was created in 2007, a year before the project went into foreclosure.