In the middle of the 22nd century a Japanese company, Obayashi Corp. began work on architectural designs and plans for the construction of a functioning space elevator, with an estimated project cost of 10 billion dollars. Due to the economic collapse caused by the global warming crisis however, this project was never completed.
After the economy began to recover, and life in space was becoming a reality, Obayashi Corp. revisited the project. Advances in technology had reduced the expected cost to 8 billion dollars, and in 2083 construction of the world's first space elevator began on an island donated to the project by the New Republic of Singapore. The project was near completion in 2093 when it was halted after the destruction of the ISS. Over the course of several months, the project was cancelled entirely, and had to be destroyed to avoid the hazardous potential of colliding with wreckage from the now destroyed ISS. This colossal failure all but bankrupted the Obayashi Corp. and turned the world's eye away from future development of space elevator technology for fear of catastrophic failure.
Obayashi Corp. was purchased by Liáo Zhào later the same year, a wealthy investor living in Singapore. Following the buyout, Obayashi Corp. focused on new-era construction and the manufacturing of parts and station modules for increasingly popular space stations and colonial living. The ruins of the elevator were demolished, and the Zhào Family
estate was constructed on the private island.
Over the course of the next few centuries, Obayashi Corp. became a leading name in orbital construction and design, and the Zhào family had become extremely wealthy. Then after the year 2437, with the advent of energetic field technology, the original space elevator project was revisited. Changes were made to alter the base of the elevator to function as a luxurious tower and residential estate for the Zhào family, and to use the new technology to protect the elevator from the infamous space debris that had made the project nonviable for so many years. Seven years later, the elevator was complete, and has stood as a colossal landmark over the Eastern Union
as a monument to space exploration, technology, and especially the Zhào family monopoly.