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What J.D. conveniently forgot to point out to his investors however was that his blueprint was in inches rather than feet. Evidently too busy making other deals to keep an eye on construction while McMahon was building his skyscraper, the investors eventually found themselves owners of a building that was much closer to being an elevator shaft than the skyscraper office building they had envisioned. The building's outside dimensions were only 11 feet by 19 feet and only 4 stories tall. There was no elevator and the interior stairs leading to the upper floors took up 25% of the floor space.
When the duped investors sought out J.D. to get their money back, they discovered he was nowhere to be found. He was finally located back in Philadelphia, but when legal recourse was attempted, investors found they did not have a case - J.D. had built exactly what the blueprints called for and they had signed off on them.
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By 1986, the city had assumed ownership due to non-payment of back taxes, but they didn't know what to do with it and didn't want it so they simply gave it to the Wichita County Heritage Society. The Society raised funds and attempted to restore the long-neglected and crumbling structure, but it proved too much and several years later it was once again abandoned and returned to the city.
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Now, almost 100 years after it was erected, the building has withstood fire, tornado and years of neglect to be a symbol of the greed, graft and gullibility of the oil boom days in Texas. It is listed on the Texas Historic Landmark Building rolls and the Guinness Book of World Records has certified it as the World's Littlest Skyscraper. And yes, it does have tenants. In addition to being a tourist attraction, an antique dealer and an artist call the little skyscraper at 701 LaSalle Street their business home.
A lot of things in Texas really are bigger, but there's at least one thing that is the littlest.