The builders of the InTempo skyscraper in Benidorm, Spain, what was supposed to be a striking symbol of prosperity amid the country's financial crisis, forgot to include a working elevator.
It had been slated to be the tallest residential block in the European Union.
El País reported the 47-story building has been plagued by construction and economic woes since the project began, calling InTempo "an incompetence of high stature."
Construction on the massive structure was initially funded by the now-extinct Caixa Galicia bank who lent the project $122.8 million in 2005.
It then had to be taken over in December 2012 by Sareb, known as Spain's "bad bank," which was created to consolidate the nation's toxic assets.
When the building reached 23 floors around the bank stopped paying workers, it became clear they been carrying supplies up the stairs and there was no service elevator.
The project is also contending with fraud allegations from customers and suppliers who say they are owed some $3.3 million.
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