The ludicrous saga of Bonn’s Beethovenhalle – which I first reported on Bloomberg 14 years ago – shows no sign of reaching any kind of rational resolution.
The latest estimate is that the renovation of the inadequate 1959 hall – a political compromise – is going to cost €166.2 million. That puts it more than 100 million Euros over budget.
And – wait for it – the hall won’t be finished until 2022, two years after the Beethoven Year, marking his 250th birthday.
Whatever happened to German efficiency?
Famous last words.