The Rostov authorities have already registered the ownership of 12 emergency facilities located in the historical part of the city. These are multi-apartment buildings that are not cultural heritage sites. These buildings are planned to be demolished, and the vacated plots are considered as sites to attract investors. Svetlana Kambulova, Deputy Head of the Rostov Administration for Economics, announced this at a press briefing, which took place online.

According to her, the construction of catering organizations, consumer services, shops, points with communication services can be allowed on these lands. They can also be places where banking and insurance activities will be carried out.

However, Svetlana Kambulova noted, before the district administrations should take a number of steps, including «exclude objects from the Unified State Register of Real Estate and change the type of permitted use of the site.»

At the same time, the head of the city administration noted that the new objects on the vacated areas should be in harmony with the general development and have a historical look. Oleksiy Logvinenko also stressed: before the auction, the authorities should clearly understand in advance what will appear instead of the demolished houses.

«Today we have a unique opportunity to put the historical part of the city in order. Investors are still looking at the work that we have begun with apprehension, they still don’t understand whether we can finish everything. If they understand that this is a development area, then the land will begin to grow in value. We shouldn’t allocate budget money for the historical part. All this can be done for investor money. We need to go this way, and direct budget funds to social facilities. The well-coordinated work will allow the next year to dramatically increase the investment attractiveness of the historical part of the city», explained the city manager.