Close to the castle, the descending square of Piazza Vittorio Emanuele II was in the past the major centre for the Moncalieri activities. Its cobbled pavement was built back in 1825, and a sculpture-fountain of Neptune ("Il Saturnio") can be found in the top part of it. For aesthetic as well as practical reasons, the Neptune fountain was several times moved back and forth. A small passage connects this square to the prestigious Real Collegio Carlo Alberto, school aimed for aristocratic descendants. Nowadays, the Collegio Carlo Alberto is managed by a joint initiative of the Compagnia di San Paolo and the University of Turin; their mission is to foster research and teaching in law, economics, finance and political science.