The latest accounting on the renovation the shabby Cologne Opera building comes to 841 million Euros (=$).
The estimate approved in 2012 was 253 million. By the time they are finished the amount of public money spent will exceed one billion.
The kind of inflation usually kicks in with cultural building projects in Germany, which is why Munich is now having second thoughts about going ahead with the new concert hall it promised to the late Mariss Jansons. Judging by the political climate right now, the Munich concert hall won’t be happening any time soon.