Reopening of the Tonhalle delayed
The Kongresshaus-Stiftung Zürich requires an additional investment contribution of CHF 9.4 million for the renovation and conversion of the Kongresshaus and Tonhalle. The opening date will be postponed by six months to March 2021.
A one-off contribution of CHF 3.7 million to the Tonhalle Society is required to cover the additional costs. In addition to the endowment capital allocated to the Kongresshaus-Stiftung in 2016 (CHF 165 million), an investment contribution to the Kongresshaus-Stiftung of CHF 9.4 million is required to cover the additional construction costs.
In addition, the Tonhalle Society requires a one-off contribution of CHF 3.7 million to cover the costs resulting from the postponement. The main reasons for the additional costs and the postponement are a deterioration in the building fabric, conflicting objectives and imprecise planning.
Image credit: Adrian Michael / wikimedia commons License 3.0 Unported
