Oradea City Hall will buy the well-known Coloseum event hall and five other buildings located in Traian Blajovici street no. 3.4 million euros. 10, but also over 7,600 square meters of land, to make way for the future stadium in Făgărașului Street.
Purchase instead of expropriation
The transaction was approved in Thursday’s meeting by the Oradea City Council, with 23 votes “for” from PNL and UDMR councilors, while PSD representatives abstained, and will be done to avoid the expropriation procedure.
The location was included in the expropriation corridor drawn up by the Oradea municipality, a fact for which its owner, Bancar SA, which owns the land of over 7,600 square meters and the Coloseum event hall, defended its interests in court.
The three lawsuits opened by the owner of the site are at different stages before the Court of Bucharest, a fact for which the municipality of Oradea sought a solution.
“Considering that the expropriation procedure started in the first stage of the works generated some dissatisfaction on the part of some affected persons, in order to unblock the situation, discussions were held with the company Bancar SA, respectively it was agreed to settle the disputes and promote amicable legal relations between parties”, it is mentioned in the specialized report attached by the municipality’s lawyers to the draft Local Council Decision.
Buy it, keep it working!
In the discussions held, the representatives of the two parties agreed that the payment for the building and the land should be made in two installments.
The first payment, in the amount of 2.7 million euros without VAT, is to be made within 7 working days from the signing of the sales contract between the two parties. Then, the municipality of Oradea is to pay the difference of 680,000 euros, plus VAT, until March 20, 2026 at the latest.
The condition set by the seller was, however, that the release of the site should take place from January 2026 at the earliest, so that the Coloseum event hall, existing on the market for almost two decades, could honor the contracts already concluded with the customers who have reserved space for weddings or different events.
“The municipality of Oradea, as the buyer, agrees with the fact that the company Bancar SA shall continuously and undisturbed use the property in question, in order to carry out its economic activity, mostly scheduled (e.g. weddings, parties, etc.) without the payment of any rent, compensation or any other amount, for a period of 20 months from the signing of the sale-purchase contract”, is expressly mentioned in the Local Council Decision.
The scrapping of the buildings bought by the municipality and their actual demolition will be done, therefore, after the 20-month grace period agreed between the parties has expired.
“We don’t have a problem anymore”
According to mayor Florin Birta, the transaction approved on Thursday by the Oradea City Council is the last one needed by the municipality to be able to make available to the National Investment Company (CNI) the land necessary for the construction of the future sports arena with 16,000 seats in Făgărașului street.
“Now we don’t have any land ownership issue regarding the construction of the stadium. All the documentation has been sent to the CNI”, mayor Florin Birta told the local councilors after the vote.
According to him, in the next period, the project of the future stadium is to be approved by the CNI and the Interministerial Commission that approves such investments.
As the Bihor he also wrote, the sports arena project could get all the approvals during May, and the actual execution will be put out to tender over the summer. Most likely, the works would start in the first part of next year.
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