In Brno, the Jalta palace was removed from sale as the interested parties did not submit a deposit

Brno - The plan to sell the dilapidated Jalta Palace at Dominican Square next to the New Town Hall is being postponed again in Brno. Although three interested parties came forward in the first half of this year, none of them submitted a deposit, which was supposed to be the triggering mechanism for the sale. Mayor Petr Vokřál (ANO) stated this to journalists today. The deposit was supposed to be around five percent of the purchase price of 100 million crowns, which is about five million.
The city will therefore most likely announce an architectural competition for the use of the building and will look for a strategic partner to restore it. The estimated renovation costs are around a quarter of a billion crowns.
The city has tried to sell the building several times in the past, but always unsuccessfully. The town hall exchanged Jalta at the turn of 2005 and 2006 for other lucrative buildings and plots. Originally, it was supposed to renovate it and move some of its officials into it, but this did not happen due to the poor condition of Jalta. The building has been empty and deteriorating for almost ten years.
"None of the companies that expressed interest to us provided a specific offer and financial guarantee. Therefore, we are facing a decision on how to proceed. However, we are most likely going to return to the architectural competition, which should give us an idea of how to deal with this property,” Vokřál stated.
It was he who informed this April that some companies had approached the city with an interest in purchasing Jalta. The mayor assessed one of the offers as very serious, but that one ultimately did not materialize either. However, already in the first half of the year, Vokřál stated that if the deal did not happen, the city would look for a strategic partner to revitalize the palace.