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 public funding being allocated to its development, the developers formally announced their decision to abandon plans for construction. The skyscraper was projected to cost $490 million and include a public plaza and park, condominiums, lofts, a hotel, retail shops, and a museum. If constructed, it would have surpassed the AEGON Center as Kentucky's tallest building.