The “construction site” opens to outline the future of the Lingotto Exhibition Center, with the Turin Chamber of Commerce and the Compagnia di San Paolo Foundation launching a path for the relaunch. The concrete working tool is a Memorandum of Understanding, signed to share the main points of the operation.
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“We start as two, but we are obviously open to the participation of other institutions and city entities and all those who may be interested in having a role in this project,” says Massimiliano Cipolletta, president of the Turin Chamber of Commerce. In the foreground remains the potential role of the Piedmont Region, which could enter the game.
Cipolletta speaks of “an investment that we consider highly strategic to promote the attractiveness of the territory and bring benefits to all economic categories, in line with the mission of the chamber body.” The issue of the relaunch of the Lingotto exhibition center periodically returns to the political agenda of Piedmont, and the fact that management is in the hands of a private group (GL Events) has not facilitated dialogue in recent years with public stakeholders.
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“We believe that the competitiveness of cities is built through a long-term vision and solid collaboration between institutions, businesses, and communities. It is in this perspective that we have chosen to support a development project capable of producing economic and cultural value and strengthening the attractiveness of the territory,” highlighted Marco Gilli, President of the Compagnia di San Paolo Foundation.
Thus, we enter the heart of the dossier with a previously estimated value of at least around forty million for the purchase of the property and as much for the relaunch, with technological upgrades and related restorations. However, even on the figures, a new phase of discussion will be needed. The operation faces a complex path, starting with defining the scope of the operation, moving on to negotiation with the owner, the subsequent verification of the agreement’s consistency by the State Property Agency, and finally the completion of the procedures necessary for the approval of the investment by the Chamber of Commerce.
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