TALLINN — A former Tallinn thermal power plant, set to be transformed into one of the primary venues for Tallinn 2011 European Capital of Culture events may not be completed in time due lack of money.

To complete both buildings, the developers would have to pay 215 million krooni (€13.7 million), of which 90 million krooni (€5.7 million) of it was supposed to be paid by Tallinn municipal government in three years, as was agreed in December 2008. However, the funding has not been forthcoming and [private_supervisor]Kultuurikatel now needs a more than 100 million krooni cash injection to complete the building on time.

Peeter Jalakas, CEO of Kultuurikatel said it is uncertain when the municipal government will give the rest of the money.

“The city hall will tell us by the midsummer day when and how they will pay, and whether the part where the Culture Capital events should take place will be completed in time,” Jalakas told Baltic Reports.

According to Jalakas, Kultuurikatel has received about 42 million krooni (€2.7 million) from the Enterprise Estonia (EAS), and another 42 million krooni from the municipal government.

“Kultuurikatel should mainly be ready by next spring and culture capital events would take place there from the end of March,” Jalakas told the Postimees newspaper last week.

The building and surrounding property will include an architecture center, design center, creative economy development center, circus hall, a 600-person capacity meeting hall, two multi-functional auditoriums, galleries, boutiques, offices and a green area. [/private_supervisor] [private_subscription 1 month]Kultuurikatel now needs a more than 100 million krooni cash injection to complete the building on time.

Peeter Jalakas, CEO of Kultuurikatel said it is uncertain when the municipal government will give the rest of the money.

“The city hall will tell us by the midsummer day when and how they will pay, and whether the part where the Culture Capital events should take place will be completed in time,” Jalakas told Baltic Reports.

According to Jalakas, Kultuurikatel has received about 42 million krooni (€2.7 million) from the Enterprise Estonia (EAS), and another 42 million krooni from the municipal government.

“Kultuurikatel should mainly be ready by next spring and culture capital events would take place there from the end of March,” Jalakas told the Postimees newspaper last week.

The building and surrounding property will include an architecture center, design center, creative economy development center, circus hall, a 600-person capacity meeting hall, two multi-functional auditoriums, galleries, boutiques, offices and a green area. [/private_subscription 1 month] [private_subscription 4 months]Kultuurikatel now needs a more than 100 million krooni cash injection to complete the building on time.

Peeter Jalakas, CEO of Kultuurikatel said it is uncertain when the municipal government will give the rest of the money.

“The city hall will tell us by the midsummer day when and how they will pay, and whether the part where the Culture Capital events should take place will be completed in time,” Jalakas told Baltic Reports.

According to Jalakas, Kultuurikatel has received about 42 million krooni (€2.7 million) from the Enterprise Estonia (EAS), and another 42 million krooni from the municipal government.

“Kultuurikatel should mainly be ready by next spring and culture capital events would take place there from the end of March,” Jalakas told the Postimees newspaper last week.

The building and surrounding property will include an architecture center, design center, creative economy development center, circus hall, a 600-person capacity meeting hall, two multi-functional auditoriums, galleries, boutiques, offices and a green area. [/private_subscription 4 months] [private_subscription 1 year]Kultuurikatel now needs a more than 100 million krooni cash injection to complete the building on time.

Peeter Jalakas, CEO of Kultuurikatel said it is uncertain when the municipal government will give the rest of the money.

“The city hall will tell us by the midsummer day when and how they will pay, and whether the part where the Culture Capital events should take place will be completed in time,” Jalakas told Baltic Reports.

According to Jalakas, Kultuurikatel has received about 42 million krooni (€2.7 million) from the Enterprise Estonia (EAS), and another 42 million krooni from the municipal government.

“Kultuurikatel should mainly be ready by next spring and culture capital events would take place there from the end of March,” Jalakas told the Postimees newspaper last week.

The building and surrounding property will include an architecture center, design center, creative economy development center, circus hall, a 600-person capacity meeting hall, two multi-functional auditoriums, galleries, boutiques, offices and a green area. [/private_subscription 1 year]

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