The Large Binocular Telescope (LBT) Project is a collaboration between institutions in Arizona, Germany, Italy, and Ohio. With the addition of the partners from Ohio State and Germany in February 1997, the Large Binocular Telescope Corporation has the funding required to build the full telescope populated with both 8.4 meter optical trans. The first of two 8.4 meter borosilicate honeycomb primary mirrors for LBT was cast at the Steward Observatory Mirror Lab in 1997. The baseline optical configuration of LBT includes adaptive infrared secondaries of a Gregorian design. The F/15 secondaries are undersized to provide a low thermal background focal plane. The interferometric focus combining the light from the two 8.4 meter primaries will reimage the two folded Gregorian focal planes to three central locations. The telescope elevation structure accommodates swing arms which allow rapid interchange of the various secondary and tertiary mirrors. Maximum stiffness and minimal thermal disturbance were important drivers for the design of the telescope in order to provide the best possible images for interferometric observations. The telescope structure accommodates installation of a vacuum bell jar for aluminizing the primary mirrors in-situ on the telescope. The detailed design of the telescope structure was completed in 1997 by ADS Italia (Lecco) and European Industrial Engineering (Mestre). A series of contracts for the fabrication and machining of the telescope structure had been placed at the end of 1997. The final enclosure design was completed at M3 Engineering & Technology (Tucson), EIE and ADS Italia. During 1997, the telescope pier and the concrete ring wall for the rotating enclosure were completed along with the steel structure of the fixed portion of the enclosure. The erection of the steel structure for the rotating portion of the enclosure will begin in the Spring of 1998.