Hamburg's Historic Finance Building Faces €96 Million Renovation

The costly restoration of the iconic Gänsemarkt site has sparked debate over fiscal responsibility and architectural preservation.

The renovation of the Hamburg Finance Authority building at Gänsemarkt 36 is projected to cost €95.7 million, exceeding initial estimates.
Scheduled to begin in the spring, the project is expected to be completed by the first half of 2028.
The CDU criticizes the project as a potential financial burden for taxpayers, labeling it a prestige project.
The building, purchased back by the city for €119 million in 2023, requires extensive foundational repairs and modern updates.
Critics highlight past political decisions, including the 2006 sale of public properties, as factors in the current situation.