Montevideo's Kibón stand loses millions, new plan sought

Montevideo's iconic former Kibón concession stand, a prime waterfront property, continues to bleed millions of pesos annually as the city administration scrambles to find a new operator. Despite its dilapidated exterior, marked by litter and graffiti, the interior is maintained by a caretaker for sporadic events, including parties, film shoots, and corporate gatherings.

The property has been without a concessionaire for five years, leading to significant financial losses for the Intendencia de Montevideo. The current mayor, Mario Bergara, has indicated that multiple investors are interested and a new tender process is underway. However, local councilwoman Matilde Antía expressed frustration, calling the inaction a "disgrace" and urging for the site to be put to use.

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Thanks to God, nothing has happened. There are people everywhere, but they are people who respect you, who know you are working and don't touch anything.

The history of the Kibón stand dates back to the 1960s. After a period of disuse, the Intendencia regained control and in 2011 awarded a contract to Afacor S.A. The company invested US$3 million to operate it as a banquet hall and restaurant until 2024. However, the contract was mutually rescinded in 2020 during the pandemic following a dispute between Afacor and the Intendencia.

A subsequent tender process under a previous administration was halted in 2024 when the bids were deemed incompatible with the city's objectives. Opposition council members from the Partido Nacional have voiced concerns over the ongoing financial drain and the lack of a viable plan for the property. The situation highlights the challenges in revitalizing prominent public spaces while balancing financial interests and community expectations.

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It is a disgrace not to do anything there. We eagerly await for it to be put to use.