Overview
- Paes confirmed the city abandoned the expropriation after negotiations stalled between a municipal appraisal of R$ 13 million and the owners’ R$ 18 million price.
- The Urca property has been relisted for R$ 18 million, and the administration has not named another location for the planned Casa do Cinema Brasileiro.
- A March 3 decree had outlined turning the house into a cultural site with the ground floor open to visitors and RioFilme operating in other areas.
- Broker Marcelo Dias says the asking price rose from about R$ 14 million after the Oscar win, citing renovation costs and taxes.
- Owner Lúcia Freitas says she never received a formal financial offer from City Hall and is asking for the decree’s revocation to proceed with a sale.