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The Swedish Academy, the century-old contract torn up

Since 1914, the rent of the Swedish Academy over 2, 000 square meters in the exchange (Börshuset) in Stockholm without paying any rent. It is instead the city's taxpayers.

Now fastighetskontoret received a mandate to begin a negotiation on the lease with the Swedish Academy.

– We should not subsidise tenants in this way, this is the most favorable contract that somebody has with the city of Stockholm, " says Dennis Wedin (M), the housing and real estate mayor in Stockholm, sweden, to TT.

is municipality lost about six million in rental income each year. In addition it is the city for the operation and maintenance of the premises, which on average costs one and a half million dollars annually, " says Dennis Wedin.

– From a skattebetalarperspektiv so, I absolutely think that it is reasonable that they should start to pay market rent. Since so, I respect that this will be a matter for negotiation and that the parties could reasonably have different starting points.

the Question has been lifted in the past, including by the Socialists in the real estate committee which, in april last year went out with that they wanted to terminate the lease.

According to Dennis Wedin is the hearing a step in the right direction, even for the long time so distressed the Academy.

" I note the steps for the modernisation of the Swedish Academy takes right now, and this could just be a part of it. I hope this is going to be quick negotiation, " he says.

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