By August 1, 2011, despite the expenditure of public funds on its behalf, its developers had officially announced that they were abandoning plans to build it. The  tall skyscraper was projected to cost $490 million and contain a  public plaza and park, condominiums, lofts, a hotel, retail shops and a museum. If built, it would have replaced the AEGON Center as the tallest building in Kentucky.
By August 1, 2011, despite spending public money on its development, the developers abandoned plans to build the skyscraper. The project was estimated to cost $490 million and include a public plaza, park, condominiums, lofts, a hotel, retail shops, and a museum. If built, it would have replaced the AEGON Center as Kentucky's tallest building.