Major work on the Palais underway?

The Palais des festival in Cannes has undergone quite a few changes over the past few years, with the Riviera section being adapted to offer a luxury upper floor with views across the bay. But there has been consistant talk about giving it a more thorough renovation. And true enough, we have heard that the municipal council have been debating the 150 million-euro project to further extend the Palais, which includes a vast underground development. No decision has yet been announced.