Seafront set to be developed

Olympic Properties, a government firm responsible for the management of Olympic Games venues, has said that it will go it alone in the development of a stretch of seafront in Neo Faliron, southern Athens, after talks broke down with the local municipality. The 28-hectare stretch of land, between the Peace and Friendship Stadium and the Olympic beach volleyball venue, has been abandoned after the 2004 Games due to a dispute between Olympic Properties and the Municipality of Moschato over who will control the area. Development plans for the area include the construction of a park and a sports complex. However, it has never been made clear who will pay for the project or have control – and responsibility – over the area. Additionally, a time frame for the completion of the project has not been set. Olympic Properties said that it has the funding to move ahead with the development plans, while municipal officials have responded by announcing they will launch protest action.

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