Well, um, clearly a lot of history attached to it, but visually it's a bit dull. It's an arch. Nothing much around it to contextualise it. Looks like it's lost its way and landed there by accident.
If you're in the square in the middle of the Old Town you'll see it, but don't make a special journey or you'll be disappointed, unless you're really turned on by such things. At least you can cross the Tiberius Bridge (in Rimini). It's hard to engage with this one. It's just there.
I suppose the best thing is that you can walk right up to it and under it. At least it's not fenced off.
However, if you leave the Old Town by this exit, and cross the road, there's a pretty walk/cycle ride through a park down to the promenade and beach.
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