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Video captures badly bent steel beams as midtown Manhattan high-rise appears to be on verge of collapse

Ó£ÌÒÊÓƵ correspondent CB Cotton has the latest on why the beams are bending from the weight on 'The Story.'

FDNY firefighters are on the scene of an unstable high-rise in Midtown Manhattan, New York City, currently undergoing conversion into luxury apartments. The 30-story building faces a risk of localized collapse, with reports of buckling steel columns and cracking walls. Construction workers on the 21st floor observed badly bent steel beams.