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Tuesday, 17 March 2009 21:37 |
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Prague city council decided on Tuesday that it will go ahead alone and rebuild the gutted left wing of the landmark 19th century Art Nouveau Industrial Palace after it was gutted by fire in October last year. Rebuilding costs are estimated at around 1.5 billion crowns. Two-thirds of that will be spent on the devastated wing with the rest earmarked for other improvements. The council has been involved in negotiations with the company that rented the historic site, exhibitions organizer Incheba, to fund the renovation from insurance payments. It has now opted for the faster route of going ahead with reconstruction before wrapping up a deal with Incheba.
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Last Updated on Thursday, 19 November 2009 12:23 |
