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Nero’s Golden Palace, Siena’s Crumbling Walls Win Restoration Money

Nero’s Golden Palace, Siena’s Crumbling Walls Win Restoration MoneyNero’s Golden Palace, Siena’s Crumbling Walls Win Restoration Money

Emperor Nero’s golden palace, the walls of medieval Siena and the foundations of Venice will all receive sorely needed restoration funds after Italy approved a plan on Monday to spend $325 million to protect its cultural heritage.

Caring for thousands of years’ worth of art and architecture is a perennial problem in Italy, and many sites have been left in a fragile state by public spending cuts and mismanagement, Reuters reported.

The walls protecting Siena are among the monuments set to be restored, at a cost of $2.37 million over the next three years, the culture ministry said.

The investment plan was unveiled shortly after Prime Minister Matteo Renzi’s government passed a 2016 budget which increases spending on culture, including a handout to 18 year-olds to spend on activities like cinema trips.

Under the plan, $14 million will go towards restoring the golden palace Emperor Nero had built in Rome as a monument to himself, but which was destroyed later by the Roman emperor, Trajan.

More than $6.5 million will go to various projects aimed at helping to prop up the northern canal city of Venice.

 

Financialtribune.com