Saturday, November 15, 2014

Rho-Pero, zero-tender offers on the land. The Post Expo is a puzzle … – The Republic

Rho-Pero, zero-tender offers on the land. The Post Expo is a puzzle … – The Republic

It was a desperate mission: to find a buyer willing to spend 315.4 million for the areas of the Expo and to do so with a plan that foresaw a great park for more than half of the surface and less possible constructions. And the fear – if not the certainty – that accompanied the outset the call for a million square feet of Rho-Pero now materialized: the expiration of the terms is not got no offer. Race officially deserted. So much so that the board of directors of Arexpo could not but note the flop, calling for the convening of a shareholders’ meeting shortly.

Because now they will, municipality and region in mind, to “have to make a joint decision on how to proceed and on what course to take,” says the president of the company that owns the land, Luciano Pilotti. Now we have to go to ‘Plan B’ and submit to the banks (a consortium led by Banca Intesa) who have served 160 million Euros and waited by the end of a shop, found the new road, a new project and a new realistic business plan.

Rho at this time the site of the Expo is holding the brunt of the bad weather: at work, on Saturday, there were very few workers, but at least thanks to the sewerage system and water-scooping there would be no flooding. Now, however, the real challenge is after the Expo. The company has never been easy, not only because of the difficulties in the market, but also to the precarious balance between the need for public authorities to return the investments made grossing at least 300 million and to ensure a quality design. Requirements that the notice had been trying to hold together: on the one hand opened the possibility for individuals to present themselves as a team to support the weight of the rod; the other is rewarded the quality of projects, with high scores for those who had not yet built of 479 795 square meters of houses, offices and shops are allowed.

Nothing to do. Now the game is further complicated the already complex. With a danger to be avoided: the abandonment of the area. The meeting will be convened in the next 1015 days. And the first obstacle to be overcome are the divisions between the two shareholders, with 34.67 percent each, driving Arexpo: Region and City. Palazzo Lombardia you could go to ‘unpack’ the area into smaller plots. Palazzo Marino, but also to defend the park, is contrary to the so-called ‘stew’ and would like to keep as much as possible a unified vision. Divide the land, among other things, result in a change of planning in the City Council that would discount with a ‘no’ of the majority.

A hypothesis at this point could be a transformation of Arexpo that purpose company (scan the area, turn it to the Expo and then the race to sell) could directly take in hand the development and

a public organization to identify a project. The Minister with responsibility Expo Maurizio Martina says, “You can do a teamwork thinking on innovation and research.” The President of the City Council, Basilio Rizzo, a post asking Expo “in line with the contents of the Expo and a kind of national investment.” And he warned: “Let no one think to use the race as an excuse to review the deserted urban conditions and arrive at spezzattino.”

Arguments:
Arexpo
Rho-Pero
Expo
Expo 2015
Starring:
Luciano Pilotti
Maurizio Martina
Basilio Rizzo

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