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Robert Wilde

Italian Governments Sell Historic Buildings

By August 24, 2012

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Italy is one of the nations facing the hardest financial decisions in this period of economic instability, and unfortunately it appears heritage is suffering as a result. According to this Australian news report (which is more positive about the sales than I am), Italian governments are planning the sale of 350 buildings in order to raise $1.7 billion, and this includes castles as well as an army barracks. Obviously a balance has to be struck between keeping buildings and finding a self-supporting use for them, but I hope the need to service a multi trillion dollar debt isn't damaging too much.

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