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What was in the air for days is now a certainty. The announcement on the fate of the areas Expo went desert: no private signaled an interest to tender to create a ‘ real estate transaction that in times of crisis draws very few. Thus, in addition to the judicial investigations and delay to get ready for the appointment of May 1, 2015, in the troubled history of exposure opens a new front: what will be left of million square meters in between Milan and Rho once the pavilions will be dismantled one by one.
Bids were due by 12 today, November 15th. But no envelope arrived at the home of Arexpo , now with Milan City and Lombardy as the main shareholders, who bought most of the land from the Fondazione Fiera Milano and Belgaum family Cabassi , paying around € 150 million . A choice, driven in particular by the former governor Roberto Formigoni, which has been called the ‘original sin’ of the Expo: to create an Expo on a private rather than public. And now you feel all the consequences. Why go back to the initial investment, which must be added the financial costs and the infrastructure, the land should be sold for € 315 million. This was the starting price of the call released three months ago, already delayed by more than a year on the original plans.
The race also included a series of posts inherited by the program signed by come Moratti , in particular limit of about 480 thousand square meters on the building massing and the obligation to maintain 475mila square meters as a park . To remove as much as possible the risk of cement in the announcement, it was also decided to award a higher score than the quality of the project and the eventual decision to build less than allowed, rather than the bid. But in recent months have gradually passed by the announcement car disposal all possible proposals to be born in the post-Expo, along with a new big residential neighborhood, an area of public interest. This is what happened to the items on the new home RAI , as well as for the new Stadium AC Milan , a hypothesis on which the president has focused much of Lombardy Roberto Maroni , but that has never entirely convinced the junta Pisapia.
Now it all over again. On the one hand Palazzo Marino and Pirelli will ensure that after the auction desert, deserts and abandoned spaces remain even when visitors are no longer there to be somewhere between foods of different countries of the world. On the other side should refrain from selling off areas, because that would mean opening a hole in the public accounts, as well as risk intervention by the Court of Auditors. Likely to make it more attractive real estate operation, now the Expo area is made a stew. In that case, what should have been a single project will be divided into several lots to be put up for auction individually.
Meanwhile, one thing is certain. € 30 million that should have entered into the coffers of Arexpo as a deposit for the time will not come. And the banks are already at the door to ask account of new guarantees that the company should put later this year on loans for the purchase of land. As if you did not have enough problems to meet deadlines in the Expo building of the Italian pavilion. And to unravel the story of ‘ Tree of Life . Another symbol of the exposure promised, and today close to the fate of being cut off.
Twitter:gigi_gno
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