Who paid for the Eiffel Tower to be built?
Erwin Becker
2025-05-19 00:08:44
Count answers: 1
While Eiffel was awarded the contract, he was dismayed to learn that he would only be funded for less than one-fourth of the projected costs. He funded the rest of the cost himself while signing an agreement that would give him income from the Tower for twenty years. The gamble to foot the bill for the construction of the tower paid off, and Eiffel made a lot of money from this venture. Almost two million people paid to ascend Eiffel's Tower during the fair, equal to about 20,000 people daily waiting to use the five elevators that would take them to the top. Tickets cost two francs to ascend to the first level, three for the second, and five for the top, with half-price admission on Sundays.
Karson Auer
2025-05-09 18:20:13
Count answers: 2
When the French government was organizing the International Exposition of 1889 to celebrate the centenary of the French Revolution, a competition was held for designs for a suitable monument. The Centennial Committee accepted that of the noted bridge engineer Gustave Eiffel. In contrast to such older monuments, the tower was erected in only about two years, with a small labor force, at slight cost. After the 1889 fair closed, Eiffel realized that the only way to save his monument would be to find new and profitable uses for it. The Eiffel Tower was the tallest structure in the world until the topping off of the Chrysler Building in New York City in 1929. The Eiffel Tower is arguably the most popular paid attraction in world. Some seven million people visit it each year. The tower features a museum, several restaurants, and the Gustave Eiffel Reception Room, which provides space for business conferences, expositions, cultural events, and social gatherings.
Antonina Zemlak
2025-05-09 15:48:25
Count answers: 2
A convention was signed on January 8, 1887 between Gustave Eiffel and the other stakeholders’ representatives, Édouard Lockroy, Minister of Commerce, on behalf of the national government, and Eugène Poubelle, prefect for the Seine, on behalf of the City. The convention stated in Article 11 that Eiffel would build the Tower at his own expense, but benefit from a 1.5 million franc subvention to the total estimated cost of 6.5 million. Thus, Gustave Eiffel enjoyed a temporary concession that allowed him to make back the money he had expended, without ever really owning the Tower because it sat on land that did not belong to him. Today, the City of Paris owns the Tower and has entrusted its management to a development company (SETE: Société d’Exploitation de la Tour Eiffel) of which it owns 99% of the capital. Its ownership would then pass to the City of Paris on January 1, 1910.
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