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Cheonan Moves Ahead With Oryong District Public-Private Urban Regeneration REIT Project, Targets 2029 Completion
AI 3-line summary
- Cheonan City said the Oryong District public-private urban regeneration REIT project is progressing smoothly on the former Oryong Stadium site in Wonseong-dong, Dongnam-gu.
- With a total project cost of 423.2 billion won, the project will build sports facilities and three 49-story apartment buildings with 634 households, targeting completion in 2029.
- Ownership of the public and sports facilities will transfer to Cheonan City upon completion, allowing the city to secure convenience facilities while reducing its financial burden.
Summary written by AI from the original article · 88 languages
Read the full article (machine translation) → Original article (Korean): 천안시, ‘오룡지구 민관협력형 도시재생 리츠사업’ 순항…2029년 준공 목표
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