Part of the funds – 3.2 million euros – will be allocated for the renovation of “Forum Palace” valued at about 4 million euros – the finishing, equipment, lighting, ventilation, and other engineering systems will be replaced, according to the announcement.
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“It has been 11 years since the last major renovation, so it is time for fundamental changes. We have always focused on the highest market segment, so to continue maintaining strong positions in the market, we decided to comprehensively renovate all existing sports club areas,” said Igoris Ponomariovas, head of “Forum Palace,” in the announcement.
