was a NEGATIVE 148 Million Euros in 2019
Don't be naive, Fincantieri's order backlog was worth 34 billion (note the B) Euro in 2019.
Guess where most of the money goes.
It's the state owned company that, among other things, builds the ships for the Italian Navy (plus the US and the Egypt Navy as secondary customers). The money go to Rome except for the IRaP tax revenues that by law can go only to the Region where the operating offices and the production facilities are. Since the IRaP is calculated on revenues and Fincantieri had revenues for 5.85 billions (again, note the B) Euro in 2019, the Veneto region should be quite satisfied of getting the % of 5.85 billions depending on the Shipyards near Venice.
(which was supposed to be a good year).
2018 was a good year for sure, in fact they made a profit of 71 million Euro.
Any guesses as to how long it's going to stay around?
I guess at least as long as the Wisconsin subsidiary of Fincantieri will finish to build the new 759 millions $ fast frigate for the US Navy. I guess Fincantieri will stay around even some time more if your admirals will like this first ship and they will ask Fincantieri to build 9 more.
Or the Commune could just tax unoccupied premises to reflect the lost opportunity cost.
Thank God, an Italian Comune (note spelling) can't create new taxes.
The reason for Venice buildings to remain empty is always the same: the Ministry for Cultural Heritage did not let the Hedge Fund that owns those buildings transform them into hotels with thousands of rooms. Or into a luxury real estate for middle-aged UK singers. Since the value of buildings in central Venice can only increase even when they remain empty and dilapidated, the above mentioned funds just wait for the next Minister in the hope that he/she will change the law.