Sunday, September 08 2013 @ 06:39 PM UTC
Contributed by: Anonymous
This will be the second attempt of this administration to sell the building, the first was on August 7 of this year but no one was interested, the reference price is $123 million and they will keep this price for the second auction, but if they do a third one, they might reduce its cost.
“Two things may happen after this auction, someone could buy it or probably no one will and we will have to reduce the price, leaving it in $80 or $90 million approximately,” said Shama.
If it’s not sold, the property will be transferred to the Ministry of Economy and Finances, and they will decide what to do.
Regarding the progress of the new conventions center, the official said it has an 18% progress and the design phase is almost complete. (Critica)