City of Arts and Sciences, Valencia
The City of Arts and Sciences is situated at the end of the former riverbed of the river Turia, which was drained and rerouted after a catastrophic flood in 1957. The old riverbed was turned into a picturesque sunken park.
Designed by Santiago Calatrava and Félix Candela, the project began the first stages of construction in July 1996, and was inaugurated April 16, 1998 with the opening of L'Hemisfèric. The last great component of the City of Arts and Sciences, El Palau de les Arts Reina Sofia, was inaugurated on October 9, 2005, Valencian Community Day.
Originally budgeted at €300 million, it has cost nearly three times the initial expected cost.
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