In 2025, rue du Faubourg-Saint-Honoré will be redeveloped thanks to co-financing between the City and a luxury house association. The traders' association will in fact cover 50% of the total cost of the work, estimated at 2.7 million euros.
The project was finally able to come to fruition, despite numerous security constraints, it is firstly because the committee agreed to put its hand in its pocket. “It’s revolutionary”: in Paris, public-private partnerships to finance major projects?