Frankfurt's Opera and Drama Question

I live in the shadow of Frankfurt....a city of roughly 750,000 residents....the largest city of Hessen.  In some ways, I regard it as the 'Chicago' of Germany.  Frankfurt is mostly known as a banking and industrial city....without a lot of culture....with the exception of jazz (they will claim to be the jazz-capital of Germany).

So the city has a theater building for plays and a opera-house for opera.  Both are in the category of 'old'. 

Around a decade ago, there was hype going on to bring about the replacement of both. 

The Alte Oper is a grand building.....staged between the Rothchildspark, and the shopping district.  The original building was put up in the 1880s....destroyed in WW II, and rebuilt in the 1970s.  Most will say it's a grand building from the exterior, but the building needs significant work, or needs to be torn down completely. 

So the Cultural Minister of Frankfurt (an SPD Party member) was supposed to come up with a statement yesterday....but was beaten by a early release of information.  The culture office in town wants to stage a major project....gutting the theater and opera house.....then spending roughly 800 million Euro on two new structures. 

An agreeable situation?  Well, no.  Apparently the CDU political folks have strongly suggested that the new location out to be on the far east end of town (around the Osthafen area.....right on river).  The SPD Culture Minister?  Firmly planted on a mid-town situation, with some belief that the Opera House might be able to be placed on the northwest part of town. 

Just getting the location to some agreeable point?  This might take several years. 

More to the discussion?  This property that the Alte Oper sits upon....is worth a ton of Euro, and various real estate companies would pay dearly to have the property (it's near the banking district as well). 

The 800 million Euro pricetag?  Here's the thing.....virtually every single major project like this (using all of Germany over the past twenty years) has had a pricetag that escalated in a major way.  So to say this is a 800 million Euro project?  No....it's probably going to 1.5 billion Euro easily.  If there is an effort to place the new opera house somewhere where there is no Metro-station?  That's going to require another subway station, and you can figure 100 million Euro added cost easily. 

The odds that this is going to be some major scandal in ten years?  I'd give it a 110-percent chance on that.