Brno wants to sell the Jalta Palace again, two interested parties have applied

Brno - Brno wants to sell the land with the Jalta Palace on Dominican Square next to the New Town Hall for at least 100 million crowns. Two interested parties have already signed up, and the city will look for more, said the Mayor of Brno, Petr Vokřál (ANO), to reporters today. If the sale does not succeed, the city hall will look for a partner to utilize the property. Repairs are estimated to cost around a quarter of a billion crowns.
    The city council has tried to sell the building several times in the past, but always unsuccessfully. The city exchanged Jalta at the turn of 2005 and 2006 for other lucrative buildings and land. It was originally supposed to renovate the building and move part of its officials into it, but that did not happen due to the poor condition of Jalta. The property has been empty and deteriorating for almost ten years.
    The new city leadership announced the intention to sell, and two interested parties have come forward. "They are business entities, but I cannot provide further details. One of the offers is indeed very serious, but we will announce an open competition on how to establish a relationship with the property," Vokřál stated. He expects more interested parties to apply. "Then we will select the most suitable one. It will depend on the price, but also on the intended use. We definitely want to know what will happen with it," Vokřál added.
    He would like to know how many interested parties are vying for Jalta by June 30. However, before announcing the competition, the city will have the building's technical condition assessed. "We are negotiating with the Brno University of Technology about updating the assessment of the property's technical condition. The assessment was prepared in the past, and according to estimates, the condition hasn't significantly worsened since then," Vokřál said.
    The new city administration's approach is praised by opposition council member Oliver Pospíšil (ČSSD). "The city has a responsible and correct approach if it wants to find an interested party that will pay adequate money and also comes up with a quality intention," Pospíšil told ČTK. According to him, it would be very expensive if the city had to do something with the property itself. "It would be better to select someone and ensure they truly fulfill the intention with which they win," Pospíšil added.
    If the city does not complete the transaction, it will look for a strategic partner for collaboration to revitalize the palace. "Then we would consider whether to exercise our share within a joint project or transfer it to the partner under the most favorable possible conditions," Vokřál added. He believes that the advantage of the current sales option is the emerging parking garage near Jalta. "Insufficient parking capacity was previously a disadvantage," Vokřál added.