City Hall cancels costly plan to renovate Industrial Palace and Výstaviště

16-07-2013

Prague councillors have cancelled a costly contract to reconstruct the city’s Industrial Palace and part of the Výstaviště trade fair grounds. The deal, signed by a previous city government, put the price of renovation at over CZK 3 billion, including CZK 200 million for the architectural firm that designed it. A recently installed city government says it wants to find a cheaper way to repair the palace, which was badly damaged by fire five years ago, along with other historical buildings and the grounds. Tuesday’s decision means that the future of Výstaviště, which is a listed landmark, is unclear.