ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Notre Dame's new spire revealed in new milestone following cathedral's devastating fire

The scaffolding surrounding the top of Paris' Notre Dame Cathedral was taken down on Monday, nearly five years into the reconstruction process.

Marking a milestone in the Notre Dame Cathedral's renaissance, the scaffolding surrounding the Paris attraction was removed on Tuesday.

The medieval Catholic cathedral's scaffolding has been taken down in recent days, revealing the cathedral’s new spire for the first time, which is adorned with a golden rooster and a cross.

A resident near the cathedral, Frederico Benani, told the Associated Press that he felt emotional at the sight of the new spire.

"I can open the window in the morning. I see Notre Dame. I see the spire — it’s for me, beautiful, and it’s much better (than) before," Benani said. "It gives us hope."

NOTRE DAME'S DESTRUCTION WAS 'BOUND TO HAPPEN' AFTER YEARS OF NEGLECT AND LACK OF UPKEEP, EXPERT CLAIMS

The iconic structure was ravaged by fire in April 2019, leaving it in severe disrepair. The new spire is the latest milestone in the restoration of the cathedral's former glory. 

In a symbol of resilience and renewal, a new golden rooster, reimagined as a phoenix with flaming feathers, was installed atop the spire in December, marking the cathedral’s rise from the ashes.

Other restoration efforts include the implementation of an anti-fire misting system beneath the cathedral’s roof and the recreation of the original cross.

Notre Dame is on track in its renovation process and is expected to reopen in Dec. 2024.

The cathedral will not be open to the public during the Paris Olympics in July and August, when the city will host millions for the Summer Games.

Much of the cathedral remains surrounded by scaffolding, which could take weeks if not months to remove. 

NOTRE-DAME'S GOLDEN ALTAR CROSS SEEN GLOWING AS IMAGES EMERGE FROM INSIDE FIRE-RAVAGED CATHEDRAL

The spire alone, cathedral officials said, was protected by some 70,000 pieces of scaffolding, totaling a dizzying 600 tons.

WATCH:

The restoration of the crippled monument, once a major tourist attraction, came after a devastating fire caused the collapse of the structure's main spire.

French President Emmanuel Macron set a target of five years – which will be when France is set to host the 2024 Summer Olympics – for the completion of Notre Dame restoration efforts.

Cost estimates of the repairs came to around $1.13 billion to $2.3 billion.

The Associated Press contributed to this report.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.