During the meeting of the Yerevan Council of Elders, Mayor Tigran Avinyan announced two major decisions. The upper part of Yerevan’s Cascade Complex was returned to the municipality; the construction of that part has been unfinished since the Soviet years.
In response to ABC media’s inquiry, Municipality Spokesperson Hayk Kostanyan noted that the territory was previously under the balance sheet of the Cafesjian Museum Foundation.
Under another decision, Kanaz cultural center has been returned to the municipality. It has been, in fact, seized from Hrant Tokhatyan.
The thing is that in 2017, by the decision of the Yerevan Council of Elders, this cultural center was given to the Art Alphabet Foundation, owned by Hrant Tokhatyan, for a period of 10 years. However, seven years later now, it has been taken back.
According to the municipality, the fund failed to fulfill its obligations arising from the contract.
