| Restoration process in Casco Viejo |
How is the restoration process in Casco ViejoCasco Viejo is one of the most Interesting Touristic places in Panama. Casco Viejo has always had a romantic look, but for decades the romance has been of the tropical-decadence, paint-peeling-from-rotting-walls variety. Now, though, it’s in the midst of a tasteful and large-scale restoration that’s giving the old buildings new luster and has turned the area into one of the city’s most fashionable destinations for a night out. Elegant bars, restaurants, and sidewalk cafés are opening. Amazingly, this is being done with careful attention to keeping the old charm of the place alive. In some places the district now resembles the French Quarter of New Orleans. It also looks very much like a smaller Cartagena. Unfortunately, the renovation is squeezing out the poorer residents who’ve lived here for ages. Two years before, the British pirate Henry Morgan devastated the original capital, founded in 1519, the first Spanish city on the coasts of the recently discovered South Sea, "sighted" by Vasco Núñez de Balboa in 1513. Recover the “Casco Antiguo ", a neighborhood of three avenues and 14 streets, in ruinous condition due to the abandonment of the wealthy class, during the 40s and 50s of last century, and invaded by People without a place to live in the 60s, is one of the principal aims of the current administration. The transformation that the Casco Viejo of Panama has experienced in the last years is surprising. In spite of being the place where there were always located the Presidency of the Republic and other important buildings, such as the National Theatre, the Department of Government and Justice or the Bolivar Lounge. The families of the capital middle class that occupied the Big Houses of the old neighborhood, Since they moved from the city to the rocky peninsula called The “Sitio de Ancón” in 1673, decided to leave their properties during the first decades of last century. As consequence of the abandonment and later "Recovery", the neighborhood, called also San Felipe, lived its worse years. Today, the recovery and valorization of the Casco Antiguo is evident. And Even though not all agree with the results of the process, the successes are undeniable. Approximately 20 years ago were few the ones who where devoting themselves to the restoration of historical places. Today the market has grown and the Casco Antiguo has turned into the excellent masterpiece. Among the different buildings that are being restored, we can mention the Casa Cural of The Mercedes Church, the Calle las Monjas building, San Felipe Neri Church as well as the conservation and protection of the Metropolitan Cathedral. The cost of these art pieces can reach the million dollars as it is the case of the restoration of the San Felipe Neri Church, while the residential buildings can have a minimal intervention of 150 thousand dollars or reach the million dollars, “depending on the size of the lot and kind of masterpiece. This work requires a lot of experience, even more when there are no documents that show the records of the buildings. Is like performing a surgery without knowing the cause of the illness. Many people are interested in the Casco Antiguo. There are properties with an historical unique value and restoreing is the key to return to the place It’s romantic shine lost that remained buried with the colonial epoch. In 1997 It is issued Law decree 9 of August 27 which aim was to establish a special regime of incentives for the restoration valorization of the Casco Antiguo of Panama. Four years later the Legislative Assembly approved the project of Law 45 that reforms previous decree. In this reform an indemnification was included for the families that were removed from the Casco Antiguo, establishing a scale of 5 thousand dollars for those who had more than 40 years residing in that place, 4 thousand dollars for those who had from 30 to 40 years residing, 3 thousand dollars for those who has lived there the last 20 to 30 years, 2 thousand 500 for those who had lived there 10 to 20 years, and 2 thousands for those who had lived there less than 10 years. Those who take part actively in the business of restoring and selling real estate in that area, assure that the market is maturing. They admit that it is not a question of a massive offer, since the news that is being listened is very poor. Nevertheless, silently, restructuring projects become millionaires. Hoses in Casco Antiguo are really expensive because it was declared a World Heritage by the UNESCO, and to restore properties that have more than 132 years old, is not a cheap proposal. Nevertheless, the business is changing and accommodating gradually. But a topic that has been difficult to resolve, is the search of the original owners of the properties.
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