Mini-Dubai: Budapest Leadership Wants to Hand Over Rakosrendezo Area to ‘Left-Wing Investors’, Claims Szentkiralyi

  • 30 Jan 2025 12:40 PM
Mini-Dubai: Budapest Leadership Wants to Hand Over Rakosrendezo Area to ‘Left-Wing Investors’, Claims Szentkiralyi
Alexandra Szentkiralyi, the head of ruling Fidesz’s Budapest chapter, on Thursday said the opposition city leadership wanted to hand over the 14th district’s Rakosrendezo development area to a "circle of left-wing investors" in hopes of getting funding for the 2026 election campaign in return.

Speaking to news channel M1 in connection with the metropolitan assembly’s resolution expressing the city council’s intention to exercise its pre-emption rights over the Rakosrendezo area via utility company BKM, Szentkiralyi said the purchase price for the area is more than 50 billion forints (EUR 122.5m) plus VAT, and an additional 20-40 billion forints could be needed to recultivate it.

She said she did not understand how the city council had found the resources to purchase the area, arguing that in recent months the city administration had blocked projects like road renovations and the construction of P+R car parks saying that they did not have the funds for them.

Szentkiralyi said Budapest Mayor Gergely Karacsony had failed to deliver on his campaign promise to complete the City Hall Park project, "yet now there’s suddenly a desire and money for investment".

She said "the same circle of investors that emerged in connection with the sale of City Hall" now wanted to "get their hands on" Rakosrendezo.

"The leftist formations were already getting money from the US for political activities," Szentkiralyi said. "But it’s a new world there now and the globalist money taps will be turned off." She said the left needed someone to finance their 2026 election campaign, and had found it in the form of the Wallis Group, which had prepared bids and plans for the redevelopment of Rakosrendezo in 2023.

"They’re not interested in creating a green residential area, they just want the area to go to this group of investors in hopes of getting funding for the 2026 election campaign in return," Szentkiralyi said.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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