The upcoming high-rise projects in Mrieħel and Tigné would each contribute €50,000 to a new artistic fund, according to the Office of the Prime Minister. The funds have not yet been allocated as the two permits granted last month were still not executable, an OPM spokesman said in response to questions from this newspaper. This is due to a pending appeal over the 38-storey Townsquare project in Tigné, while in the case of the towers at Mrieħel, the developer is yet to pay the bank guarantee and other required fees. The developers would have to contribute €50,000 to the artistic fund before development could begin, the spokesman said. The artistic fund, announced in September 2015, requires developers to make a contribution of between €25,000 and €100,000 for permits issued under the Floor Area Ratio (FAR) policy which governs high-rise projects. Culture Minister Owen Bonnici initially declined to respond when asked whether any money had been allocated to the fund since its introduction. Replies were only sent to the Times of Malta by the government after an article was published highlighting its failure to provide figures. Dr Bonnici said last year that the funds would be...
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