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Venezuela bondholders inch toward showdown

Tuesday, June 27, 2017

Spiraling Out of Control: El Helicoide

The history of El Helicoide, a seven-story, concrete modernist shopping mall spiraling around a large hill that has become a prison in Caracas, Venezuela illuminates how political and economic forces can alter the fate of a building, particularly one fueled by the oil economy. Begun in Caracas, Venezuela in 1956, it currently serves as a police headquarters and jail for prisoners, some 80 to 100 of them, political offenders. More…

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