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Regeneration of Palazzo Marini and redevelopment of Piazza San Silvestro

Implementing party

Private fund

Project description

The activities for the renovation of Palazzo Marini, located in Piazza San Silvestro in Municipality I, has been approved through a resolution to be submitted to the Capitoline Assembly. The renovation aims to adapt the structure to the tourist-accommodating purpose.

The project involves the redevelopment of the property with the elimination of the elements that have compromised its integrity over time, and its transformation into a clearer block system with a central courtyard. Architectural redevelopment activities will be integrated with functional activities, combined with the installation of the Four Seasons hotel chain. These changes will have a positive impact on the economic fabric of the city, creating an element of attraction and giving new life to Piazza San Silvestro.

The total investment linked to the project, directly or indirectly, amounts to 531 million euro, with an impact on GDP estimated at 1,778 million euro (direct, indirect and induced) and the creation of 4,792 full-time jobs in the period 2023-2030. Furthermore, tax revenue is expected to reach 641 million euro. The project also provides for the possibility of using the deductible charges to carry out intervention works on Piazza San Silvestro.

Status

Planning
Tender stage
Site
End of Work

Financial Resources

140.000.000,00 € approx. (private funding)