Orco fighting with Finep over Bubny

The Czech daily E15  reports (in Czech) that progress at the Bubny train station is being held up by disputes between two of Prague’s biggest devlopers, Orco and Finep. It quotes city councilor Martin Langmajer as saying that arguments between the two are preventing planning measure from proceeding. This is a serious issue since Orco owns roughly two-thirds of the zone, while Finep holds the rest.

“Navatyp is drawing ringroads through Orco’s land, while Orco is pushing to build a high capacity road parallel with Argentiska. They simply have to agree. Or we’d have to put a freeze on a third or two thirds of the zone,” says Langmajer.

There’s the whole question of money, of course, since a lot of it is necessary not just to build such a project, but even to get it through planning. And there’s just not a lot of extra cash lying around at the moment.