Arab Today, arab today italy sells off mussolini buildings to fund fuksass cloud
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Italy sells off Mussolini buildings to fund Fuksas's cloud

Arab Today, arab today

Arab Today, arab today Italy sells off Mussolini buildings to fund Fuksas's cloud

The construction site of the new conference center called 'The Cloud'
Rome - AFP

Cash-strapped authorities in Rome are to auction off four Mussolini-era public buildings to fund the completion of a long-delayed but eagerly-awaited new conference centre by acclaimed architect Massimiliano Fuksas.
Three museums and a building currently housing state archives will be advertised shortly with the hope of completing the sell-off by the end of the year, said a spokesman for EUR Spa, the state body which currently owns the buildings in the EUR district of the capital.
"We are hoping to raise at least 300 million euros ($330 million)," the spokesman told AFP.
The company, which owns most of the major buildings in the district, is owned 90 percent by the ministry of finance, 10 percent by the City of Rome. Some of the funds raised will go to clearing debts and some to completing a groundbreaking glass, steel and teflon construction that has been dubbed "Fuksas's cloud" by the Italian press.
Fuksas is one of the giants of contemporary Italian architecture. His past projects include the futuristic new airport terminal at Shenzhen, China, Ferrari's ultra-modern headquarters and Armani stores on 5th Avenue and in Ginza, Tokyo.
The cloud of his EUR project refers to a suspended cloud-shaped steel and teflon auditorium that will be the centrepiece of the new centre.
The 70-year-old has said the idea for the ultra-fluid structure came to him while watching clouds from a beach. He won the competition to build the new conference centre in 2000 with a design that, with its rectangular exterior, also references the rationalist architecture of the surrounding buildings.
Cash constraints meant construction did not get underway until 2007 and the building is still not finished, thanks partly to overruns on costs which have seen its budget rise from 221 million to 276 million euros.
The EUR district takes its name from Esposizione Universale Roma, the world fair Italian dictator Benito Mussolini planned to stage there in 1942.
That plan had to be scrapped because of World War II with many of the buildings only half-finished.
They were mostly completed in the 1950s and 1960s after the Roman authorities decided to turn the area into an edge-of-town business district that became a model for London's Docklands and La Defense in Paris.
EUR Spa said it has already had significant interest in the buildings to be sold from private investors.
As they are all listed because of their historic value, once a sale price has been established, the government will have an option to buy them at that price and keep them in public ownership. That is seen as unlikely given Italy's current budget constraints.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy sells off mussolini buildings to fund fuksass cloud Arab Today, arab today italy sells off mussolini buildings to fund fuksass cloud

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy sells off mussolini buildings to fund fuksass cloud Arab Today, arab today italy sells off mussolini buildings to fund fuksass cloud

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Culture: أخبار الثقافة والفنون
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday