The ArcelorMittal Tower

The ArcelorMittal Tower -  a new landmark for the city of London?

The world recently got its first glimpse of the structure that will remind Britain in its role as the host of the 2012 Olympic games for generations to come. Artist Anish Kapoor is busy turning his vision of a landmark monument to mark the famed sporting event into a reality. Kapoor says that he sees this looping red tower as 'an eccentric structure that looks as if it's going to fall over'. Officially named the ArcelorMittal tower, this disoriented-looking sculpture cost $28.8 million and stands at a proud height of 377ft. It will house a posh restaurant as well as a viewing platform. Some 700 visitors will be able to to visit the site every hour. The tower is located right next to the 193 feet high Olympic stadium. 

Financing deals have been signed between principal backer Lakshmi Mittal, the steel magnate who has committed $24.3million towards the cost. Mittal, who will be proving the steel for this monument said he had wanted to give 'a lasting gift' to the 'wonderful" city' where he has lived since 1997. Work on this eccentric tower might start officially in a few weeks as it still awaits planning permission.