From Iceland — Agreement Reached for Music Hall

Agreement Reached for Music Hall

Published April 1, 2009

Reyakjvík’s proposed music hall – the construction of which was
constructed partway through due to the economic crisis – will be
completed under a new deal.
The agreement was made between Íslenskra aðalverktaka (ÍAV) and Reykjavík’s East Harbor on the condition that both the city and the national government cover costs. This comes not a moment too soon, reports Morgunblaðið, as employees who were working on construction of the music hall were in danger of losing their jobs by the end of the month.
Stefán Hermannsson, the general manager of the east harbor, told reporters that he expects the music hall to be completed by the end of February 2011. It was estimated to cost a total of 20 billion ISK to build; construction fell short of 13 billion ISK last winter, and came to a halt.

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