Postponing Nicosia’s proposed Culture Palace leaves a serious risk of losing the €15 million that has already been spent on it.
This is what the Culture Palace Foundation argued yesterday in the wake of a Cabinet decision to freeze the ambitious project.
“The foundation has indicated ways to create the Culture Palace without the state spending anything more,” it said in an announcement.
“Since their appointment, the Culture Palace foundation board of directors had the responsibility to create the Culture Palace as soon as possible in an aim to host events for the Cyprus Presidency in the second half of 2012,” it added.
It also argued that all the necessary work had been done and architectural plans were submitted after tenders in July 2009 so that the project would be completed according to government instructions.
The board of directors believes that despite major difficulties and hurdles in the course of the project’s implementation it fully completed its task to a point where construction could begin years ago.
The project’s postponement which will last a number of years limits the role of the present board of directors, it said.
However, the directors will have to remain at their posts for a short period to deal with pending issues so that no problems arise with the operations of the foundation which will continue to exist in line with the Cabinet’s decision.
The board called for a brief postponement period, so that the tens of millions that has been spent on it are not lost completely.
Along with the possibility of Cyprus having a “necessary project of huge importance” for culture and the island’s social, economic and town planning growth.