Particle.news
Download on the App Store

Frankfurt and ECB Strike Deal to Preserve Iconic Euro Sculpture

A shared funding model ensures steady upkeep following years of patchwork sponsorships with mounting repairs.

Overview

  • The city will contribute €30,000 a year and the European Central Bank €20,000 to a common maintenance fund totaling about €50,000 annually.
  • Europa Union Frankfurt will take over caretaking responsibilities from the Frankfurter Kultur Komitee.
  • A 2024 TÜV inspection identified significant defects that now require roughly €30,000 in repairs, including replacing cracked panes.
  • Reports describe rising vandalism since about 2020, with broken stars and climbing damage, and each star replacement costs €3,500.
  • The 14-meter sculpture by Ottmar Hörl, installed in December 2001 near the former ECB headquarters, has become a well-known symbol of the euro and Europe.