Looks like they're finally going to build that crazy flood protection scheme for Venice you've been seeing on the Discovery channel for the past 10 years:

After nearly four decades of planning and debate, work has finally begun on an innovative scheme to try to protect Italy's island city of Venice from its constant enemy -- flooding.

Of particular interest is this factoid:

Venetians have endured tides and flooding since the city was founded on a collection of marshy islands in the 15th century.

Let's see how long it takes them to correct it (Venice was founded in the 5th century). I'll bet the typo was in the original press release and they just typed it right up there.