Praha 7 proposes adjustments to the Stromovka Palace

Prague - The leadership of Prague 7 is proposing changes to the appearance and function of the commercial and administrative Palace Stromovka, which is intended to be built by the company Holešovický trojúhelník. Mayor Jan Čižinský stated this to journalists today. According to the mayor, the municipality's objections to the construction remain, as the company continues to violate the terms of the lease agreement it has with the municipal district. A statement from the investor, which belongs to the British group Lordship, is being sought by ČTK.
    Lordship has a building permit for the underground part of the construction, that is, for garages. It is waiting for a decision from the authorities regarding the above-ground portion. In the event of lease termination, the company faces an arbitration worth up to a billion. "We have not adopted any resolution that would give the investor grounds for arbitration," claims the mayor.
    Prague 7, which owns the land beneath the planned construction, has several objections to the project. In the center, not only commercial spaces should be created, but also apartments and a memorial. "Moreover, we do not agree with the proposed form of the town hall, which, according to the project, would be entered through a shopping center," said local councilor Lenka Burgerová.
    Lordship has been leasing the land from Prague 7 since 2002. The contract is concluded for 105 years, with the condition that after the contract expires, the construction will pass into the ownership of the municipal district. The city receives five million crowns annually for the land.