Reconstruction of the Prague market will cost 2-3 billion CZK

The Prague market will change its appearance: new shops will appear here, cultural and gastronomic events will be held. An observation tower will be built on the territory of the market.

“The strategic goal of the city is for objects such as the Prague Market in Holešovice to acquire a new function and form and again attract city residents and tourists,” said Ondřej Bogács, director of the Prague Planning and Development Institute. According to him, about one fifth of the market area is currently not used at all.

In the next 15 years, the capital intends to invest 2-3 billion kroons in the reconstruction of the market. Offices, supermarkets will be located here, an observation tower will be built, new trees will be planted, and rainwater will be collected in special underground reservoirs.

“We want it to be a vibrant area, accessible to all ages and populations, offering a mix of trade, service, gastronomy and cultural activities. We are interested in the market being fully under the control of the city, ”said Deputy Mayor of Prague Pavel Vygnanek.

The city is now awaiting a building permit, and in the second half of the year it will announce a tender to find a contractor to carry out construction and repair work.

The market will continue to operate during the reconstruction. “If we closed it for two years, people would lose the habit of coming here, and we would have to start from scratch,” Bogach explained.