Press Enter / Return to begin your search.

ESC’14: Illegal State Aid To Real Estate Company

Cost Saga Continues
Cost Saga Continues

According to Jydske Vestkysten, the organisers of this years Eurovision Song Contest may have given illegal state aid to the real estate developer Reda.

Wonderful Copenhagen and the Capital Region of Denmark paid for a total of 8,234,195 Krones worth of improvements to the B&W Hallerne, however the developers Reda paid just 4,178,925 for the improvements. Reda the developer was expected to pay the full amount for the improvements however has failed to do so, thus meaning that the Danish tax payer is 4,055,270 Krones out-of-pocket.

Neither Reda or the city of Copenhagen has commented on the accusations.

Source: JV.dk

1 thought on “ESC’14: Illegal State Aid To Real Estate Company”

Leave a Comment