The town of Baden-Baden has bought out the private owners of the Festspielhaus, for reasons unexplained.
The cost of the 25-year lease was 18.4 million Euros, 11.3 million of which was obtained by loan. The venue is an elite site on the European cultural spectrum.
Details here.
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“for reasons unexplained.” ?? Easy. Unload now before it becomes even less valuable.
Missing news here is that they were taking online orders for Fall 2020 events ten days ago, and now they are not.
This is no surprise and no news at all. It was always planned for this year.