The investors approved blueprints showing the correct dimensions and only 4 floors.
This would have easily been prevented by basic due diligence from the investors. Possibly that is why the courts ruled against them.
This would have easily been prevented by basic due diligence from the investors. Possibly that is why the courts ruled against them.
It is possible that they saw the 4 floors as "representative" of all the floors that would be built, and just expected that there would be 40.
Wichita Falls is pretty much on the Texas/Oklahoma border and that area was filled with oil money at that time. Only 10 years later, Tulsa Oklahoma was building 40+ floor skyscrapers. But prior to that, skyscrapers seemed to be limited to NYC, Philadelphia and Chicago.