The Prague City Council has approved an exchange of real estate and land with the state for approximately 1.7 billion crowns. The deal involves the city giving up most of the area of the Bulovka Hospital in exchange for several other properties, including barracks in Karlín and a building on Hybernská Street. The exchange has been in the making, with ongoing negotiations between the two sides.

The exchange of properties is estimated at around 10.6 million crowns, which the city will have to pay. However, the overall value of the deal is significant and will provide the city with valuable assets in different areas. The deal also includes the resolution of a dispute over the exchange of land at Bohdalec, which had previously held up the negotiations.

The city council plans to negotiate with the state to exchange more properties such as Faust House and Veleslavín Castle. While these negotiations may be more complicated, the city council seems committed to working with the state to make deals that benefit both parties.

The Bulovka Hospital area, which is being given up by the city, covers about 12 hectares of land and includes several buildings. The hospital will retain a smaller area of around 2 hectares, which will be used for its operations. The city plans to use the exchanged properties for a variety of purposes, including affordable housing, new schools, and parks.

The deal has been met with some criticism, with some individuals questioning whether the city is giving up too much for too little in return. However, the city council has stated that the exchanged properties are valuable assets that will benefit the city in the long term.

Overall, the exchange of real estate and land between the Prague City Council and the state is a significant deal that will impact the city’s future development. While some may question the value of the deal, the city council believes that the exchanged properties are valuable assets that will benefit the city in the long term. The negotiations for further property exchanges will likely continue as the city looks to develop and grow in the future.

Article by Prague Forum