We describe Bott towers as sequences of toric manifolds M^k, and identify the
omniorientations which correspond to their original construction as toric
varieties. We show that the suspension of M^k is homotopy equivalent to a wedge
of Thom complexes, and display its complex K-theory as an algebra over the
coefficient ring. We extend the results to KO-theory for several families of
examples, and compute the effects of the realification homomorphism; these
calculations breathe geometric life into Bahri and Bendersky's recent analysis
of the Adams Spectral Sequence. By way of application we investigate stably
complex structures on M^k, identifying those which arise from omniorientations
and those which are almost complex. We conclude with observations on the role
of Bott towers in complex cobordism theory.Comment: 26 page