The director of the Center for Local Self-Government alleges that Belgrade city leadership plans to sell the Belgrade Arena due to poor financial management.
Key facts
- •Nikola Jovanović claims the Belgrade Arena is being sold due to the city's catastrophic financial state.
- •The sale is reportedly being structured as a public-private partnership.
- •Negotiations are currently taking place with three potential buyers or partners.
- •Jovanović estimates the private partner's investment will be around 30 million euros.
- •N1 has requested official confirmation from the City Secretariat and the Belgrade Arena.
Nikola Jovanović, director of the Center for Local Self-Government (CLS), stated that the Belgrade city leadership intends to sell the Belgrade Arena in the coming months. Jovanović attributes this move to the city's poor financial condition and mismanagement. He claims the sale will be structured as a public-private partnership, with negotiations already underway with three potential partners.
Details of the Alleged Sale
According to Jovanović, the private partner is expected to invest approximately 30 million euros into the facility. He characterized this amount as minor when compared to the total value of the building and its initial construction costs. The CLS issued a statement criticizing the move, describing the potential transfer of the venue to the private sector as a consequence of the current administration's inability to manage city assets.
Official Response Status
N1 has contacted the City Secretariat and the Belgrade Arena to verify these allegations. The outlet requested information regarding the status of negotiations, the identities of the potential partners, and the official reasons for the proposed sale. As of the report, no responses have been received.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by N1 Info.
