Culture Minister Pavlos Geroulanos yesterday heralded the construction of a new museum in Akadimia Platonos, a run-down district near the city center which takes its name from Plato’s Academy, the ruins of which are on display in a local park. But the minister did not determine how the project – estimated to cost 3 million euros – would be financed. «The funding might come from us or from a sponsor,» he said. Geroulanos said the plan was to create a museum with 130,000 exhibits as part of a broader project involving «a network of pedestrianized streets connecting the district of Kerameikos with Akadimia Platonos.» The goal is to «highlight the significance of Akadimia Platonos as the world’s first university,» the minister said. Last year residents of Akadimia Platonos expressed concerns about municipal authority plans to pursue the regeneration of the area, fearing further development.