Recent developments have involved Toscolano Maderno and the former Cantieri Garda, which are at the center of a judicial investigation that has led to the arrest of nine individuals, including entrepreneur Heinz Peter Hager, linked to the redevelopment of the site. Hager, owner of RE.03 srl based in Bolzano, is believed to have connections with businessman Renè Benko, who was arrested in Austria for alleged crimes related to real estate speculation. The precautionary order issued by the court could cause significant delays in the project aimed at transforming the area into a residential complex featuring a restaurant, hotel, and shops.
Currently, activities are limited to the remediation of structures containing asbestos and securing the site. The history of the former Cantieri Garda is marked by failed development attempts: seven deserted auctions before its acquisition in 2019 for 2.5 million euros, well below the initial estimate of 15 million. With the new legal context taking shape, the future of the redevelopment in Toscolano Maderno remains uncertain and subject to further legal developments.
