First Canadian Place is named for Canada's first bank, the Bank of Montreal. Designed by B+H Architects with Edward Durell Stone as design consultant, First Canadian Place was constructed in 1975 and originally named "First Bank Building". The tower and associated buildings occupy a block once home to two major newspapers, the "Toronto Star’s" Toronto Star Building and "The Globe and Mail"s William H. Wright Building. The site was the last of corners of King and Bay to be redeveloped in the 1960s and 1970s, and a major bidding war began over the property. The then little known firm of Olympia and York eventually obtained nearly the whole city block, though the election of reformist mayor David Crombie led to new rules banning skyscrapers and it took three years of lobbying before permission for First Canadian Place was granted. When completed, the building was nearly identical in appearance to Stone's Aon Center in Chicago, Illinois; completed two years previous as the Standard Oil Building, the Chicago tower is of the same floor plan and clad in the same marble, the only overtly visible difference being the vertical orientation of the windows, as opposed to the horizontal run of those on First Canadian Place.