Gasteig renovation or concert hall, wholesale market hall or old academy – because of the problems in the real estate industry and rising construction costs, many important large-scale projects are making no progress. A tour of eight places that are symbols of the crisis.
Construction stop at the Old Academy in the pedestrian zone. Back to square one with the plans for a new wholesale market hall. The concert hall, which is equipped with all the digital finesse and which the Free State wanted to decorate itself with in the Werksviertel, is being “redimensioned”. The increased construction costs and interest rates are also shaking Munich. The construction crisis is hitting the city at a sensitive time.