Cologne Opera runs €120 million over budget
mainThings are not adding up on the Rhine.
The Cologne Opera is undergoing a refit. It was supposed to cost €288 million, reopening in 2015. Now the budget is €400-460 million and the new date is 2018.
All being well.
NL says: “It was supposed to cost €288 million, reopening in 2015.”
Not quite, Norman. The initial budget was set at €230 million in 2008 and after the project plans were finalized in 2011 reset to the expected cost of €253 million, with work beginning in July 2012 and the reopening being scheduled for Nov. 2015.
In October 2014 a cost-overrun of at least 10% was announced and since then has been frequently adjusted upward.
Commedia del’arte….
Indeed, the Elbphilharmonie of the Rhine.
They have other problems, which anyone who saw their recent Benvenuto Cellini will know.