The Municipality of Amsterdam Is Buying Back the Port Area for 165 Million Euros.

De Telegraaf

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The City of Amsterdam is purchasing the ADM site, as announced in a statement on Wednesday. The city is paying €165 million for the purchase. The site comprises 66 hectares of land and water, which the city will reclaim after fifty years.

NOS

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The area in question covers 66 hectares of land and water. Amsterdam, in a statement, called it a "historic deal."

AT5

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The news is out: the municipality is buying the ADM site for a total of €165 million. This puts an end to years of legal disputes between Larendael Participaties BV, the municipality, and the Port Authority. By removing the businesses from the site, space is now being created for housing development in Haven-Stad. For years, a fierce conflict between entrepreneur Wim Beelen and the municipality had been brewing over the site. Wim Beelen, the ent…