Moscow Authorities to Rebuild Gorky Park for $1 Billion, Kommersant Says

Moscow plans to rebuild Gorky Park for $1 billion, which may be financed in part by private investors, Kommersant said, citing Mikhail Khubutiya, an adviser to Mayor Yuri Luzhkov.

The Stalin-era fountain in the middle of the park will be preserved, Kommersant reported. The plans include a modern art center, a concert hall and restaurants and leave out the park’s Ferris wheel, which was dismantled in 2008, the newspaper said.

Luzhkov is seeking to increase the number of visitors to Gorky Park from about 3 million a year now, the newspaper said.

To contact the reporter on this story: Ilya Khrennikov at ikhrennikov@bloomberg.net

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