Reykjavík City plans to sell the old houses on Laugavegur 4 and 6 to a contractor. The city bought the houses for ISK 580 million (USD 4.6 million, EUR 3.4 million) in a controversial move last year. The city will not reconstruct the houses, but decide what their design will look like.
From Laugavegur. Copyright: Icelandic Photo Agency.
“According to plans, Reykjavík City will determine the design of the houses but contractors are free to decide how the houses will be connected with Skólavördustígur and the house behind them,” Hrólfur Jónsson, who is responsible for the project in Reykjavík City Council, told Fréttabladid.
The city is planning to allocate ISK 20 million (USD 161,000, EUR 118,000) to the design of the houses next year but ISK 560 million (USD 4.5 million, EUR 3.3 million) to reconstructing the houses on the corner of Laekjargata and Austurstraeti, that were destroyed in a fire in 2007.
“In regards to Austurstraeti there are very strict conditions and the city will reconstruct these houses before selling them,” Jónsson explained, adding that the execution of both projects depends on whether funds can be secured.