Casa Radio is an unfinished building in Bucharest, near Cotroceni, on the shore of the Dâmboviţa River. Bucharest (Romanian: BucureÅŸti ) is the capital city and industrial and commercial centre of Romania. ... House in Cotroceni neighbourhood. ... The DâmboviÅ£a River (spelt DîmboviÅ£a in pre-1993 Romanian orthography) is a river in Romania that has its source in the FăgăraÅŸ mountains and flows southward to traverse Bucharest and to meet ArgeÅŸ River 258 kilometres from its source. ...
The Romanian government contracted the construction of a hotel and a mall named "Dâmboviţa Center" to the Turkish company "Cenk Vefa Kucuk". The project was supposed to be a $275 million investition and the largest multifunctional complex in the region. It was supposed to build a 300-room hotel, 69,000 m² of retail spaces, 16,000 m² of offices, 45,000 m² of commercial galleries and a residential complex, which ought to include 200 appartments, a parking lot, restaurants and a hospital. The government, which provided the building, would get only 10% of the income.
The government canceled the contract in 2005 because of various irregularities regarding the auction, the company and the financing. The company claimed it will sue to recover the money already invested.
References
"Casa Radio va ajunge la Londra". Jurnalul Naţional. 14 November2005
"Casa Radio - Contractul va fi reziliat", Jurnalul Naţional
Laszlo Borbely. "Dambovita center, un proiect cu multe semne de intrebare", Jurnalul Naţional. 14 November2005
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