Future Esplanade des Pecheurs Revealed

On Wednesday, July 27, a majority of the National Council voted in favor of a bill to abolish land parcels to allow construction of real estate developments.

A long story is coming to an end. On Wednesday, July 27, the elected members of the National Council were called to an extraordinary session by the Sovereign’s Order.

Among the bills considered, the first bill on various economic and legal issues voted unanimously, the second amends the terms of the law on joint ownership of buildings of January 8, 2007 The bill was also voted unanimously.

A third bill dealt with the abolition of lands that had been part of the state’s public lands, part of the Esplanade des Pecheurs, Grand Admiral Rainier I, and Antoine I. Passed by 13 votes in favor, 1 vote against, 1 vote against. With two abstentions, the bill was launched in his September 2014.

At the time, briefly summarized, the state owner of this plot had an agreement with the Monegasque company SAM SAMEGI (of the Caroli group) and the underwater archaeologist Franck Goddio. The site was designated as home to the future Center of Man and the Sea (Centre de l’Homme et la Mer). However, due to a conflict between the Grand Prix event organization and the Caroli Group real estate project, the decommissioning bill was withdrawn shortly thereafter. In 2018, the Supreme Court ordered the state to pay “capital and interest equivalent to €155 million in today’s value.”

Museums, state housing and public gardens are planned…

Aiming for an “Amicable Solution” Prince Albert II requested revision of the first project, to fit the Grand Prix and its organization. The new bill was submitted in his early April and was referred to the Commission.

The proposed new development should ensure the sustainability of the Grand Prix and free up an area of ​​5,800 square meters that can be used for other events throughout the year.The new layout will also ensure access by emergency services.

The rest of the space will include a museum of more than 5,000 square meters, which will house the Franck Godio collection as planned. Thousands of items will be on display. The site also includes scientific and research units and various scientific and educational activities.

A new development will also be built on the site of the former yacht club, including several businesses and 23 public housing units. Public gardens, a pedestrian link between the Esplanade and Monaco-Ville, port specialists and maritime police facilities, 182 bay parking and shops, offices and private residences are also planned.

The National Council has specified that the project must be consistent with the state’s environmental protection policy. A majority passed the decommissioning of the parcel of land required to realize the project (marked in yellow in the figure below). “This breakthrough marks a historic turning point in our approach to legislation governing deprivation from public lands for the benefit of the private sector while protecting national and Monegasque interests.

© National Council

The Monegasque government welcomed the majority vote and through a press release expressed its satisfaction with the new agreement, which should protect Monaco’s interests. , because the developer waived enforcement of his June 25, 2020 Supreme Court order, the state must pay an amount equivalent to €157 million today…”

In parallel, a new tripartite agreement to be signed will allow the state to generate significant financial revenues and develop state-owned apartments, car park construction, commercial facilities and public gardens, and a museum dedicated to underwater archeology. ” Future Esplanade des Pecheurs Revealed

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