The project is real, but it’s a mismanaged catastrophe.
It’s basically what happens when you have a project with overly understanding financiers, an overly ambitious creative head, and absolutely no concern whatsoever for avoiding scope creep.
Kind of amazing really. I can imagine in centuries past an architect becoming the personal favourite of a king so he just keeps making the palace he’s tasked to build more and more extravagant since the king keeps giving him more money endlessly.