Casa Radio
From Wikipedia, the free encyclopedia
Casa Radio is an unfinished building in Bucharest, near Cotroceni, on the shore of the Dâmboviţa River.
The Romanian government contracted the construction of a hotel and a mall named "Dâmboviţa Center" to the Turkish company "Cenk Vefa Kucuk". The project was supposed to be a $275 million investition and the largest multifunctional complex in the region. It was supposed to build a 300-room hotel, 69,000 m² of retail spaces, 16,000 m² of offices, 45,000 m² of commercial galleries and a residential complex, which ought to include 200 apartments, a parking lot, restaurants and a hospital. The government, which provided the building, would get only 10% of the income.
The government canceled the contract in 2005 because of various irregularities regarding the auction, the company and the financing. The company claimed it will sue to recover the money already invested.
In the winter of 2006, a public-private partnership agreement between Elbit, an Israeli company and the Romanian government was announced to develop Casa Radio. The Romanian Government will remain a 15% partner in the scheme. Construction was slated to begin in early 2007.
[edit] References
- "Casa Radio va ajunge la Londra". Jurnalul Naţional. 14 November 2005
- "Casa Radio - Contractul va fi reziliat", Jurnalul Naţional
- Laszlo Borbely. "Dambovita center, un proiect cu multe semne de intrebare", Jurnalul Naţional. 14 November 2005
- " "Elbit Medical Imaging Ltd. Announces Plaza Centers N.V. Receives Final Approval for Mega Project in Bucharest". MSN Money. 30 November 2006
