ARMENIAN CIRCUS TO PUT ON TENDER

ArmenPress
July 20 2005

YEREVAN, JULY 20, ARMENPRESS: Armenian government decided to hold a
tender for a 50-year lease of Armenian Circus building and its property
on August 10. The minimal price fixed by the government is 100 million
($115,000) drams. The potential buyer will be committed to invest
another 300 million and run the facility as a circus for next 25 years.

Sos Petrosian, director, welcomed the tender saying though the circus
is a government-owned facility but its subsidies are not enough to
even pay utility fees. He said all other expenses are covered by the
staff. But he feared that a buyer could later turn the building in
downtown Yerevan into a mall or a trading center.

From: Emil Lazarian | Ararat NewsPress