16 May, 2006
A 20-year lease for the Badminton Hall at the Goudi Olympic Centre was signed on Monday between Hellenic Olympic Properties SA and a consortium of three companies in the entertainment and recreation industries. Hellenic Olympic Properties chairman Christos Hatziemmanouil said the state would receive €12.5 million under the deal and would also save on estimated annual costs of €1.2 million for the facility's maintenance.
The members of the consortium include event organizers Adam Productions, owned by Mihalis Adam, club owners and event organizers Half Note Jazz Club owned by George and Panagiotis Georgas and Allou Fun Park, Greece's largest amusement park, owned by Dimitris Kontogiannis.
An agreement leasing the property to the three-member consortium was signed in the presence of Culture Minister George Voulgarakis within another former Olympic facility, the Press Centre in Maroussi.
The interior of the Olympic Badminton Hall covers 8,200 square meters and covers 5,945 square meters in a property of 25,500 square meters in total. The consortium, which was short-listed among five bidders in the first phase of an international tender, intends to convert the structure into an arts, theatre and entertainment centre that will form part of the Metropolitan park that is envisaged to eventually arise at the Goudi Olympic Complex.
Source: Athens News Agency