U2 Tower project suspended for a year due to downturn

PLANS for Ireland’s first skyscraper — the U2 Tower — has become the latest victim of the economic downturn.

The €200 million design by renowned architect Norman Foster was to house the rock band’s egg-shaped recording studio at its peak.

But Dublin Docklands Authority said it was suspending the massive project for a year because of the crumbling property and financial markets.