Journal title ECONOMIA E DIRITTO DEL TERZIARIO
Author/s Osvaldo Baione, Francesca Grotti
Publishing Year 2017 Issue 2017/2 Language Italian
Pages 0 P. File size 0 KB
DOI 10.3280/edt2-2017oa5461
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Beginning with the importance of innovative financial methods within public initiatives, the purpose of this work is to further examine their application to the most "public" thing in Italy: our Culture. Considering the difficulties of the Italian public sector, Private-Public Partnerships represent interesting alternatives to the Public Administration in charge to fulfil its constitutional duties. The awareness of traditional finance inadequacy and insufficiency increases along with the number of supporters of alternative forms of management and financing, in culture too.Project financing (PF) belongs to this group as a new and suitable method, inherited from the English system and nowadays applied mostly for the realization or requalification of public infrastructures.Although it was introduced in the Italian regulation in 1998 and then modified up until the latest version of 2008, this tool had been used efficiently in a cultural project in 2013 only: the requalification of the Central body of Villa Reale, in Monza. This case will be the practical evidence and reference in order to grasp most relevant pros and cons in cultural project financing experiences.
Keywords: project finance, finance, culture, cultural heritage, financing
Osvaldo Baione, Francesca Grotti, Il Project Financing per i Beni Culturali italiani in "ECONOMIA E DIRITTO DEL TERZIARIO" 2/2017, pp , DOI: 10.3280/edt2-2017oa5461