The First Art Newspaper on the Net Established in 1996 United States Wednesday, November 26, 2014


Tod's Founder Diego Della Valle to Restore Rome's Colosseum for $34 Million
A general view of Rome's Colosseum, Friday, Jan. 21, 2011. The founder of Tod's luxury leather and footwear will foot the euro 25 million ($34 million) bill to restore the ancient monument which is blackened by pollution and rocked by vibrations from a nearby subway line. Work will begin at the end of the year, and will take between two and two and a half years. The monument will remain open to tourists during the restoration. AP Photo/Gregorio Borgia.
ROME (AP).- The founder of Tod's luxury leather goods and shoes announced Friday that he will foot the ?25 million ($34 million) to restore the Colosseum.

The ancient Roman arena is blackened by pollution and rocked by vibrations from a nearby subway line.

Officials accepted Diego Della Valle's offer to sponsor the restoration. But Della Valle said he expected other entrepreneurs to also step in to help out as the project gets under way.

"A monument that represents Italy in the world must be restored, and a company that represents Made in Italy stepped forward to say, 'If you need us, we are here,'" Della Valle told a press conference.

Work is expected to begin at the end of the year, after contract bids are closed, and will take up to two and a half years. The monument will remain open to tourists during the restoration.

"It is the end of a nightmare," Rome Mayor Gianni Alemanno said.

Italy is chronically short of funds to maintain, protect and clean Italy's artistic and archaeological heritage. The private sector, from energy companies to banks to mattress manufacturers, have sometimes lent a hand by sponsoring high-profile restorations for prestige and goodwill.

A few months ago, some chunks of mortar fell off the Colosseum before the monument was opened to tourists. No one was injured.


Copyright 2011 The Associated Press.





Today's News

January 23, 2011

Lost Lavishly-Illustrated Vatican Manuscripts Go on Display at the Meadows Museum

Early Pioneers of Abstraction Explored in Gallery's Remarkable Collection

Tod's Founder Diego Della Valle to Restore Rome's Colosseum for $34 Million

Agony and Ecstasy: A Rediscovered Masterpiece on View at Moretti Fine Art, NY

Exhibition of Superlative British Watercolors at the Museum of Fine Arts, Saint Petersburg

18th Century Mahogany Bureau Table Achieves a Stunning $5.7 Million at Christie's

Camera Work in Berlin Exhibits the Photographs of Nadav Kander and Robert Polidori

RM Auctions Kicks Off 2011 Calendar with Strong Start and Record $30.8 Million Arizona Sale

Italian Artist Roberto Cuoghi's First Solo Show in the U.S. Opens at the Hammer

Exhibition of Menswear Explores Men's Fashion from the 18th Century to the Present

National Gallery of Art to Remove and Reinstall East Building Facade Veneer through 2014

Al Taylor: Wire Instruments and Pet Stains at the Santa Monica Museum of Art

Jasper, Texas: The Community Photographs of Alonzo Jordan at the ICP in New York

The Katonah Museum of Art Presents Drawn/Taped/Burned: Abstraction on Paper

Colorado University Art Museum Opens Four Concurrent Exhibitions

Katonah Art Center Hosts Faculty Art Exhibit 2011

Asians Toast Lloyd Webber's Wines in $5.6 Million Sale

$1 Million Gift Announced by School of the Art Institute of Chicago

Inside Art: Creative Responses to the National Gallery's Collection by Young Offenders

San Francisco Museum of Modern Art Appoints New Director of Development

Most Popular Last Seven Days



1.- Greece holds breath as skeleton found in Alexander the Great-era tomb at Amphipolis

2.- Spain mourns the death of art collector Cayetana Fitz-James Stuart, Duchess of Alba

3.- Meet the ancestors: Exhibition at Bordeaux gallery reveals faces of prehistoric humans

4.- Getty Foundation and partners launch free of charge online art collection catalogues

5.- Historic photos of dead Cuban revolutionary Che Guevara resurface in small Spanish town

6.- Exhibition showcases the first two 'Poesie' created by Titian following their restoration

7.- O'Keeffe painting sells for more than three times the previous world auction record for any female artist

8.- Crystal Bridges announces the departure of museum President Don Bacigalupi

9.- artnet Auctions offers a later example of Yayoi Kusama's important Infinity-Nets series

10.- 'Degenerate art' should go back to museums: German advisor Jutta Limbach



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site