Works have begun on the first phase of the reconstruction and restoration of the Rector's Palace. The restoration of the stone pillars and arches in the atrium is the first phase and the investment is worth around 11 million Kuna.

The Dubrovnik Times has learned that the completion date for the construction works will be 24 months. However the works will be put on hold through the main summer tourist season so that visitors can enjoy one of the most popular tourist attractions in the city. The second phase will begin later this year and will invlove solving the former prision inside the palace. All of the works will, of course, be carried out in accordance with the guidelines of conservationists.

The Rector's Palace has repeatedly been subjected to reconstruction, the first time it was due to a gunpowder explosion in 1435.