The authorities of the Russian town of Elets, located in the Lipetsk region, are searching for an investor to reconstruct the old Petrovsky Park and build a modern hotel complex worth 1 bln roubles.
The project of the hotel complex includes three buildings in which, on the first floor, executive halls, negotiation rooms, shops and restaurant will be located, the regional administration told Construction.ru on Tuesday.
Within the framework of the reconstruction, a zone for sports court with attractions, national cuisine cafes and a sports area will be created. In the center of the pond, a boating station will be constructed.
The park area will cover 24,100 m2. The projected construction area is 2,900 m2.
This project was developed in 2009 and was then estimated at 500m roubles. At present, the investment into the reconstruction of Petrovsky Park and the building of the new complex will cost at least twice that.