Saturday May 30, 2020

Upgrade our venue or pay, Cosgrave tells Lisbon Web Summit’s contract with host city revealed

Aaron Rogan

News Correspondent

@aarrogan
12th May, 2019
Paddy Cosgrave, founder of the Web Summit, is still feeling cramped Picture: Bryan Meade

Lisbon city council will have to pay compensation to the Web Summit if it does not upgrade a conference centre by October, according to local reports.

The Portuguese newspaper Publico has published parts of the contract which the capital city agreed as part of its plans to invest €110 million to keep the event until 2028. The reports also state that the contract includes an obligation that the Portuguese prime minister is requested by the...

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