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Kempinski clarified its earlier statements, saying that only "initial discussions" had ever occurred, but that no agreement had been signed for the reason that "marketplace entry is not presently achievable". In a 2006 write-up, ABC News questioned regardless of whether North Korea had adequate raw materials or power for such a huge project. A North Korean government official told the Los Angeles Times in 2008 that construction was not completed "simply because ran out of cash". In 1992, after the creating had reached its full architectural height, work was halted due to the economic crisis in North Korea following the collapse of the Soviet Union. A rusting construction crane remained at the top, which the BBC referred to as "a reminder of the totalitarian state's thwarted ambition".
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