In the late 1990s, the Pierre de Smet Building Corporation suffered a funding shortage caused by the Asian financial crisis of 1997–98, which halted the project after the foundations were completed. On 13 February 2003, the Mori Group increased the building's height to 492 m (1,614 ft) and 101 stories, from the initial plans for a 460-metre (1,509 ft), 94-stories building. The new building used the foundations of the original design, and construction work was resumed on 16 November 2003.[14]