Greek Government Panel Urges Instant Start of Hellenikon Project

December 15, 2017

ATHENS – An expert committee appointed by the Greek government said the long-delayed 8-billion euro ($9.43 billion) development of the old Hellenikon International Airport site should begin immediately despite fierce resistance within the ruling Radical Left SYRIZA.

The project slated for the site was supposed to become the largest urban park in Europe before Greece’s crushing economic crisis led to proposals for high-end commercial development, including luxury homes, offices, yacht docking and a casino among other lucrative ideas.

While Prime Minister Alexis Tsipras is eagerly wooing foreign investors, hardcore elements in his party don’t want any foreign business in Greece based on their far-left philosophies and want Hellenikon stopped in its tracks.

The delays have created a kind of chilling effect among foreign investors fearful of being blocked as well, along with an avalanche of tax hikes imposed by Tsipras as he keeps reneging on anti-austerity promises.

Tsipras also is pushing privatizations he said he would bar, conceding to the country’s international creditors who want state assets sold off as fast as possible after frequent foot-dragging by governments during a more than 7 ½-year long economic crisis.

The recommendation by the government’s own panel said the project should start based on a development plan submitted by Greece’s Lamda Development, which is a partnership with China’s Fosun and an Abu Dhabi company.

That contradicts objections from SYRIZA ministers who said the plan wasn’t ready and should be revised as more roadblocks keep being put up by government agencies despite Tsipras’ promises he wants to fast-track big deals.

The panel said the development should proceed “without further delays and indecisiveness over the plan,” referring to SYRIZA and its junior coalition partner, the pro-austerity, marginal, jingoistic Independent Greeks (ANEL), the business newspaper Naftemporiki reported.

The recommendation noted that the plan could be improved, particularly concerning traffic management in areas around the project on Athens’ coast, revisions to the seaport scheme and better public access to a far smaller park.


LONDON - The United Kingdom’s Secretary for State for Culture, Media and Sport, Lucy Frazer, said no deal will be made to loan the stolen Parthenon Marbles housed in the British Museum for 200 years if Greece won’t give up ownership.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


2 Germans, a Spaniard and a Senegalese Killed in Building Collapse in Spain’s Mallorca Island

MADRID (AP) — Spain's National Police on Friday gave details on four people killed when a building housing a bar and restaurant club collapsed on the island of Mallorca.

Highly experienced live-in CARETAKER, for your elderly parent/s, preferably, in ASTORIA.

NEW YORK (AP) — A woman who says Sean “Diddy” Combs subjected her to violence and abuse over several years in the 1990s has filed a lawsuit in New York accusing the rapper of sexual assault, battery and gender-motivated violence.

WILMINGTON, Del. (AP) — Hunter Biden is due in court on Friday for the final hearing before he's expected to stand trial on federal firearms charges in Delaware as his father's reelection campaign unfolds.

PARIS (AP) — A police officer in riot-hit New Caledonia shot and killed a man Friday after being set upon by a group of about 15 people, the territory's prosecutor said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.