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The palace was built in the late
eighteenth century and owned first by the Principe di Belmonte Giuseppe Emanuele
Ventimiglia e Cottone to be later acquired by the Prince
of Pandolfini. In the nineteenth century it passed to Baron Riso. The building
was severely damaged by bombs during the Second World War. The first
restoration of the palace was conducted in the mid-nineties which included the reconstruction
of floors and roofs, of the two large axial courts, and the reorganization of
internal spaces. It is in this suggestive location in the historical center of
Palermo that the Museum of Contemporary Art is housed.