Feb 18 • 04:00 UTC 🇮🇹 Italy Il Giornale

Gallery (increasingly) golden: revenues heading towards 85 million

The Galleria in Milan is experiencing a significant surge in rental income, expected to reach 85 million euros by 2026, facilitating increased funding for social welfare programs.

The Galleria in Milan, a significant attraction, is making headlines as its revenue from rentals climbs dramatically, projected to hit an impressive 85 million euros by 2026. Currently, rental income is estimated to reach approximately 83.5 million euros for 2025, a considerable increase from 53 million euros at the start of the current administration in 2021. This financial growth is expected to parallel an increase in welfare funding, promising enhanced spending on services for various vulnerable populations in Milan.

Emmanuel Conte, the Councilor for Financial Resources, noted that the revenue generated from the Galleria will play a crucial role in funding social welfare initiatives. In 2026 alone, the government plans to allocate significant funds for individuals with disabilities, elderly assistance, and support for adults at risk of social exclusion, totaling around 198 million euros. The annual income from the Galleria would be sufficient to cover the entire budget for programs aimed at adults facing social exclusion, showcasing the impact of the Galleria's financial success on the community.

The financial boom of the Galleria can be attributed to various factors, including its enhanced appeal as a tourist destination and strategic event planning associated with upcoming international events like the Winter Olympics. The increased visibility and branding, characterized by the golden lighting of the Galleria during the Olympic festivities, are likely to continue driving the surge in revenue. This transformation not only highlights the economic vitality of Milan but also emphasizes the direct benefits of tourism and cultural infrastructure on local social welfare initiatives.

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