This paper reconstructs the affair of the Venetia Arsenal, focusing on the last two decades. After first providing a background picture of the urban planning and property policies pursued, it discusses different urban planning and management tools used for the progressive change in the functions of the properties in question. What emerges is the important role played by these areas within the city of Venice. To conclude, difficulties are underlined that emerged from the activities of the company Arsenale Spa as both the manager and the initiator and also from the complexity of the heritage of the urban area of which it forms part.
Keywords: Military property conversion; protection of cultural heritage; Arsenale spa