Wilbur B. Foshay: The Man & His Tower
Produced by Britt Aamodt
It was called the Tower. It didn’t need another name. The Foshay Tower, at its founding in 1929 and for nearly a half a century, reigned as the tallest building in Minneapolis. Though the Tower sank into a period of gentle neglect, it was revitalized in 2008 as the upscale W. Hotel-Minneapolis. The same cannot be said for the Tower’s builder, Wilbur B. Foshay, whose comet-like rise as a powerful Midwestern utilities magnate was embodied in the obelisk structure. Just two months after the Tower’s dedication, on October 29, 1929, Wilbur Foshay lost everything in the Stock Market Crash, save for his his reputation. That, however, was defamed in 1931, when he stood trial for mail fraud, in what was largely a Ponzi scheme.