The Taipei Financial Center Corporation (TFCC) announced plans on 2 November 2009 to make Taipei 101 "the world's tallest green building" by summer of 2011 as measured by LEED standards. The property will return to the city in 2067. In 1997, led by developer Harace Lin, the Taipei Financial Center Corporation, a team of several Taiwan banks and insurance companies, won the rights to lease the site for 70 years and develop a building, placing the winning bid of NT$20,688,890,000 for the Build Operate Transfer agreement with the city government. The skyscraper opened on 31 December 2004 to celebrate New Year's Eve (2005). Taipei 101 is owned by Taipei Financial Center Corporation. The tower is adjoined by a multilevel shopping mall that has the world's largest ruyi symbol as an exterior feature. The tower houses offices, restaurants, shops, and indoor and outdoor observatories. Its design incorporates a number of features that enable the structure to withstand the Pacific Ring of Fire's earthquakes and the region's tropical storms. Taipei 101's postmodernist architectural style evokes traditional Asian aesthetics in a modern structure employing industrial materials. The structure regularly appears as an icon of Taipei in international media, and the Taipei 101 fireworks displays are a regular feature of New Year's Eve broadcasts and celebrations. In 2011, Taipei 101 was awarded a Platinum certificate rating under the LEED certification system for energy efficiency and environmental design, becoming the tallest and largest green building in the world. The elevators of Taipei 101 that transport passengers from the 5th to the 89th floor in 37 seconds (attaining 60.6 km/h (37.7 mph)) set speed records. Taipei 101 is the tallest building in Taiwan and is currently the tenth tallest building in the world. Upon completion, it became the world's first skyscraper to exceed a height of half a kilometer (about 0.3 miles). However, the Burj Khalifa surpassed Taipei 101 in 2009. The building was officially classified as the world's tallest from its opening in 2004. Taipei 101 ( Chinese: 台北101 pinyin: Táiběi 101 stylized in all caps), formerly known as the Taipei World Financial Center, is a skyscraper in the capital Taipei, Taiwan. Toi 4bak 1 gwok 3zai 3 gam 1jung 4 zung 1sam 1 T'ai 2 Pei 3 Kuo 2 Chi 4 Chin 1 Jung 2 Chung 1 Hsin 1 Tower: 31 December 2004 18 years ago ( ) Ħ1 installed by Toshiba with KONE EcoDisc motorsĮvergreen Consulting Engineering and Thornton Tomasetti Top of Taipei, Taipei Tower, Tower of Taipei
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