IBOV 178,000.24 — 0.00% IPSA 11,049.58 ▲ 0.30% IPC MEX 66,700.17 ▼ 0.35% MERVAL 3,274,443 ▼ 0.51% COLCAP 2,384.67 ▼ 0.31% BVL PERÚ 57,378.30 — — USD/BRL5.10▲ 0.19% USD/MXN17.31▼ 0.19% USD/CLP925.12▼ 0.04% USD/COP3,231▲ 3.10% USD/PEN3.38▼ 0.41% USD/ARS1,494▲ 0.54% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.13▲ 1.72% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO36.62▲ 1.01% USD/VES750.21▲ 0.32% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.19▲ 0.58% USD/TTD6.74▲ 0.40% EUR/BRL5.87▲ 0.24% BRENT 84.74 ▼ 5.97% WTI 80.69 ▼ 4.70% IRON ORE 161.91 — — COPPER 6.59 ▲ 2.35% GOLD 4,116 ▲ 1.66% SILVER 59.10 ▲ 2.62% SOY 1,188 ▲ 1.37% CORN 472.25 ▲ 7.15% WHEAT 648.00 ▲ 1.37% COFFEE 321.15 ▼ 0.59% SUGAR 15.01 ▲ 4.02% ORANGE JUICE 159.20 ▲ 9.04% COTTON 81.39 ▲ 2.49% COCOA 5,903 ▲ 15.47% BEEF 227.03 ▼ 1.82% CATTLE 343.00 ▼ 1.00% LITHIUM 69.41 ▼ 0.57% PETR4 43.05 ▼ 0.85% VALE3 74.64 ▼ 2.15% ITUB4 43.17 ▲ 1.01% BBDC4 18.55 ▲ 0.65% ABEV3 15.77 ▼ 1.38% BBAS3 21.27 ▼ 0.37% B3SA3 15.62 ▼ 0.70% WEGE3 48.20 ▲ 2.12% PRIO3 58.50 ▼ 3.86% SUZB3 43.10 ▼ 0.51% RENT3 38.10 ▼ 0.34% AZZA3 16.23 ▼ 1.16% CSAN3 4.10 ▲ 0.74% RAIZ4 0.26 — 0.00% PCAR3 2.75 ▲ 6.18% GMAT3 3.97 ▼ 1.49% PSSA3 54.00 ▼ 1.28% CVCB3 1.44 ▲ 9.92% POSI3 3.51 ▼ 1.13% SLCE3 13.35 ▼ 0.22% NATU3 8.50 ▲ 1.43% BRKM5 5.96 ▼ 0.17% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.73 ▲ 0.17% USIM5 7.56 ▲ 2.72% GGBR4 25.63 ▲ 2.60% ENEV3 26.75 ▲ 1.67% CPFE3 46.11 ▼ 0.07% CMIG4 11.28 ▼ 0.53% EQTL3 38.89 ▲ 0.59% LREN3 13.85 ▲ 1.84% VIVT3 32.30 ▼ 1.01% RAIL3 14.16 ▼ 1.94% KLABIN 18.24 ▼ 0.05% RAIA DROGASIL 18.85 ▲ 2.00% RDOR3 34.06 ▼ 1.67% HAPV3 11.91 ▲ 5.59% FLRY3 17.27 ▲ 0.76% SMTO3 14.38 ▼ 0.96% UGPA3 33.10 ▲ 0.15% VBBR3 36.13 ▲ 0.22% BBSE3 41.36 ▲ 0.24% BPAC11 57.12 ▲ 0.56% CURY3 31.45 ▲ 4.52% AERI3 2.15 — 0.00% VIVARA 22.84 ▲ 2.98% COMPASS 25.10 ▲ 1.05% VAMOS 3.26 ▼ 2.40% SANB11 28.93 ▲ 1.08% ASAI3 8.55 ▲ 0.59% SBSP3 27.57 ▼ 0.47% WALMEX 49.94 ▼ 0.62% GMEXICO 211.62 ▲ 1.88% FEMSA 217.81 ▼ 1.64% CEMEX 20.60 ▲ 0.44% GFNORTE 198.18 ▼ 1.20% BIMBO 61.16 ▼ 1.29% TELEVISA 9.67 ▼ 1.43% AMX 21.68 ▼ 1.77% GAP 377.50 ▲ 0.26% ASUR 278.60 ▲ 1.08% OMA 230.90 ▼ 0.19% KOF 185.35 ▼ 1.02% GRUMA 263.20 ▲ 1.92% KIMBER 40.01 ▼ 0.47% SQM-B 61,910 ▼ 1.26% COPEC 6,342 ▼ 0.13% BSANTANDER 80.44 ▼ 0.68% FALABELLA 6,384 ▲ 2.70% ENELAM 87.00 ▼ 1.13% CENCOSUD 1,955 ▲ 0.01% CMPC 1,050 ▼ 0.47% BANCO CHILE 192.48 ▼ 0.64% LATAM AIR 25.25 ▲ 2.06% YPF 8,080 ▼ 2.53% GGAL 7,980 ▲ 1.25% PAMPA 5,505 ▼ 0.90% TXAR 655.00 ▼ 0.68% ALUAR 965.00 ▼ 1.28% TGS 9,875 ▼ 1.74% CEPU 2,378 ▼ 0.75% MIRGOR 1,680 ▼ 89.72% COME 43.23 ▼ 1.82% LOMA NEGRA 3,600 ▼ 0.55% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,380 ▼ 0.62% ECOPETROL 16.60 ▼ 1.01% BANCOLOMBIA 91.07 ▼ 1.57% GRUPO AVAL 5.24 ▼ 0.76% CREDICORP 395.79 ▼ 1.20% SOUTHERN COPPER 185.91 ▲ 1.75% BUENAVENTURA 30.47 ▲ 0.63% MERCADOLIBRE 1,899 ▲ 1.11% NUBANK 14.44 ▲ 0.77% XP 17.03 ▼ 0.18% PAGSEGURO 9.60 ▼ 0.41% STONE 11.35 ▼ 0.22% GLOBANT 37.14 ▲ 1.48% TECNOGLASS 46.76 ▲ 7.64% GAP AIRPORT 218.14 ▲ 0.36% ASUR 278.60 ▲ 1.08% OMA AIRPORT 106.73 ▼ 0.16% AMX ADR 24.96 ▼ 1.54% FEMSA ADR 125.75 ▼ 1.75% CEMEX ADR 11.84 ▲ 0.17% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.58 ▼ 3.19% ITAU ADR 8.49 ▲ 0.35% SANTANDER BR 5.74 ▲ 1.23% AMBEV ADR 3.05 ▼ 1.93% CSN 0.93 ▼ 5.65% GERDAU 5.06 ▲ 2.02% LATAM ADR 54.53 ▲ 3.35% BTC 63,598 ▲ 0.22% ETH 1,856 ▼ 0.10% SOL 73.38 ▼ 0.13% XRP 1.07 ▼ 0.11% BNB 590.04 ▲ 0.21% ADA 0.19 ▲ 0.57% DOGE 0.07 — 0.00% AVAX 6.79 ▲ 3.36% LINK 8.15 ▼ 0.34% DOT 0.83 ▲ 1.04% LTC 44.28 ▲ 0.07% BCH 213.33 ▲ 0.10% TRX 0.33 ▲ 0.02% XLM 0.17 ▼ 0.23% HBAR 0.07 ▲ 0.13% NEAR 1.75 ▲ 0.85% ATOM 1.37 ▲ 0.39% AAVE 92.28 ▼ 0.00% SELIC 14.25% EMBRAER 89.60 ▲ 3.12% EMBRAER ADR 70.94 ▲ 3.82% JBS 13.76 ▼ 1.85% JBS BDR 69.57 ▼ 1.60% MBRF3 17.70 ▲ 0.91% MBRFY 3.37 — 0.00% INTER 5.63 ▲ 0.54% EGX 54,094 ▼ 0.35% USD/ZAR16.52▼ 0.06% USD/NGN 1,361 — 0.00% NIKKEI 63,958 ▲ 0.32% CSI300 4,598 ▲ 1.20% HSI 25,824 ▼ 0.71% NIFTY 24,498 ▼ 1.12% KOSPI 6,359 ▲ 1.62% JCI 6,263 ▲ 0.46% USD/JPY157.67▲ 0.32% USD/CNY6.75▼ 0.01% DAX 26,001 — 0.00% CAC 8,614 ▲ 1.22% FTSE 10,858 — 0.00% MIB 52,872 ▲ 1.34% IBEX 19,983 ▲ 1.01% STOXX 652.09 ▲ 0.45% EUR/USD1.15▲ 0.01% GBP/USD1.34▼ 0.47% SPX 7,601 ▲ 1.48% DJI 53,178 ▲ 1.32% NDX 28,777 ▲ 1.78% RUT 2,982 ▲ 1.73% TSX 35,226 ▼ 0.79% VIX 15.86 ▼ 0.81% USD/CAD1.41▲ 0.11% US10Y 4.6860 ▼ 1.24% IBOV 178,000.24 — 0.00% IPSA 11,049.58 ▲ 0.30% IPC MEX 66,700.17 ▼ 0.35% MERVAL 3,274,443 ▼ 0.51% COLCAP 2,384.67 ▼ 0.31% BVL PERÚ 57,378.30 — — USD/BRL 5.10 ▲ 0.19% USD/MXN 17.30 ▼ 0.23% USD/CLP 925.12 ▼ 0.64% USD/COP 3,231 ▲ 3.10% USD/PEN 3.38 ▼ 0.42% USD/ARS 1,494 ▲ 0.54% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.13 ▲ 0.24% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 ▲ 1.01% USD/VES 750.21 ▲ 0.32% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.19 ▲ 0.58% USD/TTD 6.74 ▲ 1.53% EUR/BRL 5.87 ▲ 0.24% BRENT 84.74 ▼ 5.97% WTI 80.69 ▼ 4.70% IRON ORE 161.91 — — COPPER 6.59 ▲ 2.35% GOLD 4,116 ▲ 1.66% SILVER 59.10 ▲ 2.62% SOY 1,188 ▲ 1.37% CORN 472.25 ▲ 7.15% WHEAT 648.00 ▲ 1.37% COFFEE 321.15 ▼ 0.59% SUGAR 15.01 ▲ 4.02% ORANGE JUICE 159.20 ▲ 9.04% COTTON 81.39 ▲ 2.49% COCOA 5,903 ▲ 15.47% BEEF 227.03 ▼ 1.82% CATTLE 343.00 ▼ 1.00% LITHIUM 69.41 ▼ 0.57% PETR4 43.05 ▼ 0.85% VALE3 74.64 ▼ 2.15% ITUB4 43.17 ▲ 1.01% BBDC4 18.55 ▲ 0.65% ABEV3 15.77 ▼ 1.38% BBAS3 21.27 ▼ 0.37% B3SA3 15.62 ▼ 0.70% WEGE3 48.20 ▲ 2.12% PRIO3 58.50 ▼ 3.86% SUZB3 43.10 ▼ 0.51% RENT3 38.10 ▼ 0.34% AZZA3 16.23 ▼ 1.16% CSAN3 4.10 ▲ 0.74% RAIZ4 0.26 — 0.00% PCAR3 2.75 ▲ 6.18% GMAT3 3.97 ▼ 1.49% PSSA3 54.00 ▼ 1.28% CVCB3 1.44 ▲ 9.92% POSI3 3.51 ▼ 1.13% SLCE3 13.35 ▼ 0.22% NATU3 8.50 ▲ 1.43% BRKM5 5.96 ▼ 0.17% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.73 ▲ 0.17% USIM5 7.56 ▲ 2.72% GGBR4 25.63 ▲ 2.60% ENEV3 26.75 ▲ 1.67% CPFE3 46.11 ▼ 0.07% CMIG4 11.28 ▼ 0.53% EQTL3 38.89 ▲ 0.59% LREN3 13.85 ▲ 1.84% VIVT3 32.30 ▼ 1.01% RAIL3 14.16 ▼ 1.94% KLABIN 18.24 ▼ 0.05% RAIA DROGASIL 18.85 ▲ 2.00% RDOR3 34.06 ▼ 1.67% HAPV3 11.91 ▲ 5.59% FLRY3 17.27 ▲ 0.76% SMTO3 14.38 ▼ 0.96% UGPA3 33.10 ▲ 0.15% VBBR3 36.13 ▲ 0.22% BBSE3 41.36 ▲ 0.24% BPAC11 57.12 ▲ 0.56% CURY3 31.45 ▲ 4.52% AERI3 2.15 — 0.00% VIVARA 22.84 ▲ 2.98% COMPASS 25.10 ▲ 1.05% VAMOS 3.26 ▼ 2.40% SANB11 28.93 ▲ 1.08% ASAI3 8.55 ▲ 0.59% SBSP3 27.57 ▼ 0.47% WALMEX 49.94 ▼ 0.62% GMEXICO 211.62 ▲ 1.88% FEMSA 217.81 ▼ 1.64% CEMEX 20.60 ▲ 0.44% GFNORTE 198.18 ▼ 1.20% BIMBO 61.16 ▼ 1.29% TELEVISA 9.67 ▼ 1.43% AMX 21.68 ▼ 1.77% GAP 377.50 ▲ 0.26% ASUR 278.60 ▲ 1.08% OMA 230.90 ▼ 0.19% KOF 185.35 ▼ 1.02% GRUMA 263.20 ▲ 1.92% KIMBER 40.01 ▼ 0.47% SQM-B 61,910 ▼ 1.26% COPEC 6,342 ▼ 0.13% BSANTANDER 80.44 ▼ 0.68% FALABELLA 6,384 ▲ 2.70% ENELAM 87.00 ▼ 1.13% CENCOSUD 1,955 ▲ 0.01% CMPC 1,050 ▼ 0.47% BANCO CHILE 192.48 ▼ 0.64% LATAM AIR 25.25 ▲ 2.06% YPF 8,080 ▼ 2.53% GGAL 7,980 ▲ 1.25% PAMPA 5,505 ▼ 0.90% TXAR 655.00 ▼ 0.68% ALUAR 965.00 ▼ 1.28% TGS 9,875 ▼ 1.74% CEPU 2,378 ▼ 0.75% MIRGOR 1,680 ▼ 89.72% COME 43.23 ▼ 1.82% LOMA NEGRA 3,600 ▼ 0.55% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,380 ▼ 0.62% ECOPETROL 16.60 ▼ 1.01% BANCOLOMBIA 91.07 ▼ 1.57% GRUPO AVAL 5.24 ▼ 0.76% CREDICORP 395.79 ▼ 1.20% SOUTHERN COPPER 185.91 ▲ 1.75% BUENAVENTURA 30.47 ▲ 0.63% MERCADOLIBRE 1,899 ▲ 1.11% NUBANK 14.44 ▲ 0.77% XP 17.03 ▼ 0.18% PAGSEGURO 9.60 ▼ 0.41% STONE 11.35 ▼ 0.22% GLOBANT 37.14 ▲ 1.48% TECNOGLASS 46.76 ▲ 7.64% GAP AIRPORT 218.14 ▲ 0.36% ASUR 278.60 ▲ 1.08% OMA AIRPORT 106.73 ▼ 0.16% AMX ADR 24.96 ▼ 1.54% FEMSA ADR 125.75 ▼ 1.75% CEMEX ADR 11.84 ▲ 0.17% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.58 ▼ 3.19% ITAU ADR 8.49 ▲ 0.35% SANTANDER BR 5.74 ▲ 1.23% AMBEV ADR 3.05 ▼ 1.93% CSN 0.93 ▼ 5.65% GERDAU 5.06 ▲ 2.02% LATAM ADR 54.53 ▲ 3.35% BTC 63,598 ▲ 0.22% ETH 1,856 ▼ 0.10% SOL 73.38 ▼ 0.13% XRP 1.07 ▼ 0.11% BNB 590.04 ▲ 0.21% ADA 0.19 ▲ 0.57% DOGE 0.07 — 0.00% AVAX 6.79 ▲ 3.36% LINK 8.15 ▼ 0.34% DOT 0.83 ▲ 1.04% LTC 44.28 ▲ 0.07% BCH 213.33 ▲ 0.10% TRX 0.33 ▲ 0.02% XLM 0.17 ▼ 0.23% HBAR 0.07 ▲ 0.13% NEAR 1.75 ▲ 0.85% ATOM 1.37 ▲ 0.39% AAVE 92.28 ▼ 0.00% SELIC 14.25% EMBRAER 89.60 ▲ 3.12% EMBRAER ADR 70.94 ▲ 3.82% JBS 13.76 ▼ 1.85% JBS BDR 69.57 ▼ 1.60% MBRF3 17.70 ▲ 0.91% MBRFY 3.37 — 0.00% INTER 5.63 ▲ 0.54% EGX 54,094 ▼ 0.35% USD/ZAR 16.50 ▼ 0.07% USD/NGN 1,361 — 0.00% NIKKEI 63,958 ▲ 0.32% CSI300 4,598 ▲ 1.20% HSI 25,824 ▼ 0.71% NIFTY 24,498 ▼ 1.12% KOSPI 6,359 ▲ 1.62% JCI 6,263 ▲ 0.46% USD/JPY 157.66 ▲ 0.30% USD/CNY 6.7512 ▲ 0.07% DAX 26,001 — 0.00% CAC 8,614 ▲ 1.22% FTSE 10,858 — 0.00% MIB 52,872 ▲ 1.34% IBEX 19,983 ▲ 1.01% STOXX 652.09 ▲ 0.45% EUR/USD 1.1511 ▼ 0.03% GBP/USD 1.3432 ▲ 0.04% SPX 7,601 ▲ 1.48% DJI 53,178 ▲ 1.32% NDX 28,777 ▲ 1.78% RUT 2,982 ▲ 1.73% TSX 35,226 ▼ 0.79% VIX 15.86 ▼ 0.81% USD/CAD 1.4059 ▲ 0.11% US10Y 4.6860 ▼ 1.24%
since 2009
Tuesday, August 4, 2026

Life & Society Real Estate

Trouble in Urca: Casino Building in Dispute

By · July 7, 2009 · 3 min read

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By Clarissa Butelli, Contributing Reporter

A typical house in the cozy bay neighborhood of Urca, photo by Clarissa Butelli.
A typical house in the cozy bay neighborhood of Urca, photo by Clarissa Butelli.
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RIO DE JANEIRO – A thin strip of land between the Guanabara Bay and the Atlantic Ocean, Urca is a district crowned by one of Rio’s most well-known landmarks, Sugarloaf Mountain. With a privileged view to the bay, Urca is considered one of Rio’s last bastions of tranquility and reserve.

Since 2006, when the Istituto Europeo di Design (IED) was given a 25 year permission to reform one of its historical buildings and open the second branch of its school in the country, that peace has been seriously disturbed.

Known as the Cassino da Urca, the construction was conceived in 1922 as the Balneário Hotel, inspired by the success of the Copacabana Palace Hotel. It became the centerpiece of the newly established neighborhood and, for thirty years, served as Rio’s premier concert hall.

It welcomed well-known visitors such as Walt Disney, Orson Welles and saw names as Carmem Miranda and Grande Otelo rise to stardom. In 1952, it gave way to TV Tupi Studios, owned by media mogul Assis Chateaubriand.

Since the closing of the studios in 1980, this piece of architectural history was abandoned for twenty years, serving as a makeshift shelter for the homeless. It was only in 2003 that the project for an Urban Development Museum was approved by Cesar Maia, the city Governor at the time. But three years later, the museum gave way to a more ambitious project, the IED.

The controversial building Cassino da Urca, photo by Domingos Peixoto/O Globo.
The controversial building Cassino da Urca, photo by Domingos Peixoto/O Globo.

The prospect of a large institution drawing a daily influx of 200 students inspired Urca residents, represented by the Amour Association, to take legal and political actions in an attempt to stop the reform and return the building to its original museum project.

Marcele Almeida, a journalist living in Urca for the past four years, says her husband is radically against the IED for this exact reason: “I’d love to see the building being reformed but I completely understand the majority of residents who fear the consequences, especially concerning traffic. Urca is a small neighborhood and once change like this happens, it is permanent.”

Camila Souto, a former Urca resident, disagrees: “Of course the school will affect traffic, this is how cities develop. This is a unique opportunity for Rio. The question shouldn’t be whether the IED should or should not stay in Urca. The question should be what to do to make it happen.”

The IED’s decision to solve the problem by building a parking lot proved even more unpopular among the residents, as the only area available for the construction was environmentally protected. It was then that assemblyman Eliomar Coelho’s project to establish the Cassino a listed building was unanimously approved by the City Council in June.

After R$20 million in investment, IED was legally obliged to stop all restoration work and rumors on the destiny of the building flourished.

Eduardo Paes, the current Governor, stated that the school would be a welcome addition to the harbor renewal project that’s been recently inaugurated. However, he seemed to have changed his mind the following week.

Solutions proposed for the building have ranged from museums dedicated to the city, the history of Urca and even a museum dedicated to Roberto Carlos, an Urca resident known as the ‘Brazilian Julio Iglesias’.

Until the final decision on the issue is made, the future of the building and of the IED in Rio remain uncertain.

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