Ok, I checked the site wannaexit linked to, and there is this updated info (Google-translated from Italian as I sadly do not read the language):
The ownership of the former Sabiem area was acquired by the Christian Congregation of Jehovah's Witnesses on 30 June 2021. The municipal council then approved the project on 19 July 2021.
The then deputy mayor Valentina Orioli stated: “What we have approved is a perfect urban regeneration operation that will allow the redevelopment of an abandoned industrial area located in an inhabited area, making many public facilities available to the community.
This brings to a close a complex story that originates from the bankruptcy of Sabiem. With the acquisition of the property by the Christian Congregation of Jehovah's Witnesses it was finally possible to compensate the workers who had lost their jobs. I want to acknowledge the new ownership for having worked seriously and with the aim of closing this important agreement."
The project involves the construction of three 10-story buildings that will serve as homes for hundreds of Jehovah's Witness volunteers. Together with the residences, a public park will also be created which will have an area of approximately 16,000 thousand square metres.
In this area, two public green areas will be created, a cycle path and two car parks. A place of worship will also be built next to the Municipal Multipurpose Hall.
The project involves the construction of a Municipal Multipurpose Hall of approximately 250 square metres.
The construction will be fully available to the Borgo Panigale-Reno district. It will be rebuilt according to the original model and great attention will be given to the issue of environmental sustainability.
Vincenzo Naldi, president of the Borgo Panigale-Reno district at the time the agreement was drafted, explained: “I am very satisfied with this agreement which presents important contents for the neighbourhood. In particular, I like to say that the building for public use will be dedicated to activities for teenagers in a context in which we are creating a system for our young people together with the structure already open in via Martinelli in collaboration with the Golinelli Foundation and with the future structure which will be made possible by the agreement for the relocation of Sintexcal. I also underline an extra provision of parking and the valorisation, through the creation of a cycle path, of the lime trees that characterize part of this area".
Let's see if the final development really does have all these buildings in the plan, or if any get cut back.