St Peter's Vatican protester gives up after more than 24 hours But the concession owners say they make considerable investments in the properties, including mortgages, that they stand to lose - and that they are unable to get loans for new investments while the changes are pending. The entire sector is on standby. This is a trauma for the sector, this is a trauma for Italy," Mr De Finizio said. The concessions cover more than 2,500 miles of Italy's coast - or more than half of it - renting out lounge chairs, umbrellas and changing rooms and offering a coffee bar or restaurant. Mr De Finizio lost his beachside restaurant in the northern city of Trieste in a 2008 fire and said he has been unable to get a loan to rebuild because of the changing norms.