Venice unveils plan for Palazzo

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The Venice Film Festival's long and highly publicized wait for an updated venue will be over in 2010, Italy's Ministry of Culture said Wednesday.

Festival organizers repeatedly have said that the event risked becoming less relevant unless its aging main venue — the famed Palazzo del Cinema — was renovated.

"Without better facilities, the Venice Film Festival will begin to fade away," artistic director Marco Muller said in September during the 63rd edition of the festival.

At the time, Muller and Venice Biennale president Davide Croff unveiled plans for a €100 million ($133 million) face-lift, saying that the government had agreed to match money raised by the local government and from private sources. The plan was to allow the facility to be used during intermediate phases of development and by other events throughout the year. Muller and Croff said the facility would take three years to complete.

The plan unveiled Wednesday will be a bit less ambitious, with a four-year timetable and a price tag of €70 million ($93 million) to be paid for by national, regional and city governments as well as private sources. It is unclear whether the structure will be used while under construction.

Venice organizers said they were pleased with the development.

"This is a historic victory," Croff said. "It is something that was of great need and which we have been working on for a long time."

The new facility will be built by the architectural firm 5 + 1 & Rudi Ricciotti. Ground will be broken early next year.
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