The Telegraph reports the plan to impose a 2 euro fee to see the balcony protruding from "Juliet's house" is set to be discussed by Verona's City Council soon.
The famous balcony is located in a 14th century building known as "Juliet's House." The building reportedly belonged to the Cappello family, who allegedly served as Shakespeare's inspiration for the Capulets.
"We are hoping to hold talks with the owners of buildings that overlook the courtyard so that we can find a suitable solution for everybody," Enrico Corsi, Verona's tourism councillor said. "It needs to be in the interests of the whole city, which is known throughout the world for the legend of Juliet."
The council is also considering the idea of creating a luxury suite on the top floor of "Juliet's House." The room could go for up to 5,000 Euros a night, according to reports.
According to historians, there is little evidence supporting the theory that the balcony is actually linked to Shakespeare's fictional "Romeo and Juliet." However, the veranda has become a staple of the city and one of Verona's most visited touristic sites.