Wednesday, December 13, 2017

"Green Acres" developers agree to halt project development

The Yekaterinburg administration recently convinced shareholders of the allegedly illegally planned "Green Acres" development in the Mali Istok neighborhood to cease construction on the project to negotiate new terms.

The project was represented by six developers during their talks with the Yekaterinburg administration. The developers had begun construction on a small plot of land adjacent to the Koltsovo Airport but had allegedly not filed the proper permits with the city of Yekaterinburg in advance, Ekburg.ru reports.

The city of Yekaterinburg alleges that developers, who initially broke ground on the project last year, had no legal right to offer the land to citizens and allegedly illegally collected funds from the sale of the land.

The area on which the development is being built is currently reserved by the city administration for use in holding small regional aircraft due to its close proximity to the airport, according to Ekburg.ru.