Stupid idea. Unlike a space elevator in geosynchronous orbit (and therefore stationary relative to the Earth), if this hangs low enough to collect moisture, it will create friction as it travels in its figure eight pattern, which will slow the asteroid and eventually cause it to crash into the earth. Or am I missing something?

Reporting like this is why the rag is called the Daily Fail.

That really IS a high rise: Sci-fi plan to hang a wandering skyscraper from asteroid orbiting Earth is unveiled

  • Radical skyscraper design from a New York City firm will be built from the sky down instead of the ground up
  • Analemma Tower is set to be suspended from an orbiting asteroid 31,068 miles (50,000 km) above the Earth
  • Tower will move in a figure eight pattern between the northern and southern hemispheres each day
  • Solar panels will generate power and water will be collected from cloud condensation and rain water
  • Building will be broken up into sections, such as business, worship, dining, shopping and entertainment



http://www.dailymail.co.uk/sciencete...-asteroid.html