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The Contractor Sends Home and the Construction Is Stopped

Summary by RÚV
The construction of the southern hædda risahótel við Skúlagötu in Reykjavík eru í uppnámi eftir að allum verktakum var svätt af ágyrstað í yesterday and honum closed. A lot has been discussed about the building which has been controversial and has been criticized for not falling in enough with the civic body. It is the company Rauðsvík that stands for the project and Art-verk, in its own right, was the main contractor. The Radisson Red hotel was…
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2 Articles

All contractors involved in the construction of the hotel tower on Skúlagata in Reykjavík were evicted from the construction site and it was closed after the Rauðsvík commercial bank blocked further funding for the project, according to RÚV sources.

·Reykjavík, Iceland
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The construction of the southern hædda risahótel við Skúlagötu in Reykjavík eru í uppnámi eftir að allum verktakum var svätt af ágyrstað í yesterday and honum closed. A lot has been discussed about the building which has been controversial and has been criticized for not falling in enough with the civic body. It is the company Rauðsvík that stands for the project and Art-verk, in its own right, was the main contractor. The Radisson Red hotel was…

·Reykjavík, Iceland
Read Full Article
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RÚV broke the news in Reykjavík, Iceland on Tuesday, November 3, 2026.
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