Friday, January 31, 2020

Opening Up for a Scandal in Frankfurt

I noticed in Frankfurt news this morning....it's a decided event....both the opera house and theater of Frankfurt....will be torn down.  The only question left is where both of the new operations will be built (same location as current structures, mid-town, NW Frankfurt, or the Osthafen area on the far east of Frankfurt). 

The quoted amount for the two structures?  800-odd million Euro. 

So opens the door for next billion-Euro scandal in Germany.

There is a reputation for big public projects now....that they go 50-to-100 percent over the estimated price.  The potential that the two projects will go beyond 1.5 billion Euro?  I'd give it a better-than-50-percent chance at this point. 

If they are built in the same location?  You'd have to budget at least six months to tear down the current structures, and figure with corruption and problems.....at least four to five years before the new ones are complete.  The city accepting no operation opera house or theater complex for that period?  Zero-percent chance. 

The odds that both were next to each other?  It would make sense and to develop a upscale 'quarter' of Frankfurt for additional attractions....drawing more people to that part of town.  This is one reason why I don't see the structures going up in center of Frankfurt. 

So settle back and watch for the scandal events over the next five years. 

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