The Foshay Tower Scandal: Towering Ambition, Financial Ruin, and the 1929 Crash

Long before the IDS Center dominated the Minneapolis skyline, utility magnate Wilbur Foshay commissioned a 447-foot Art Deco building to represent his own unshakeable ambition. Modeled after the Washington Monument, The Foshay Tower was built with 100% union labor in defiance of local business leaders. It was the tallest building between Chicago and the Pacific coast. Dedicated over Labor Day weekend in 1929 with 25,000 guests, 19-gun salutes, and a custom march by John Philip Sousa, the obelisk projected absolute financial permanence. Just 67 days later, Black Tuesday shattered Foshay's paper empire. Explore the dramatic rise, federal trials, and tragic juror scandal behind Minnesota's most iconic landmark.