Business · Companies · 15 hrs ago
Daegu plans mixed-use redevelopment of former prison site by 2033
Daegu’s former prison site is set for redevelopment in Dalseong County, in South Korea.
The city says the project has passed a review by the Ministry of Economy and Finance on state property policy.
That approval allows the project to move forward, though more planning and procedures remain.
The city’s goal is a cultural and residential complex by 2033.
Daegu will work with LH, a public housing and land company, and other agencies to develop the plans.
The city will also review funding options as it advances the project.
Daegu says redevelopment of the former Daegu prison site will move forward after passing a national property review.
The city aims to create a mixed-use cultural and residential space at the site by 2033.
Daegu plans to work with LH and other relevant agencies to develop the proposal.
It also plans to carry out related procedures and review ways to secure funding.
- Who
- Daegu City, working with LH and other relevant agencies.
- What
- Redevelopment of the former Daegu prison site into a mixed-use cultural and residential space.
- When
- The city aims to complete the development by 2033.
- Where
- The former Daegu prison site in Dalseong County, Daegu.
- Why
- The stated goal is to create a mixed-use cultural and residential space. A further reason is not stated.
This story does not have two clearly opposing sides.
Daegu City said the redevelopment passed the national property policy review and would move forward.
The city said it would work with LH and other agencies to develop the proposal, carry out procedures and review funding options.
- Target year
- 2033
- Site
- Former Daegu prison
- Location
- Dalseong County, Daegu
- Review
- National property policy review passed
- Partners
- LH and other relevant agencies
What people are saying
cultural and residential mixed-use space