Chinese state-owned construction contractor will build China’s largest soccer park in Guangzhou on the site where struggling Chinese property developer China Evergrande Group was supposed to build its soccer stadium.
China Construction Fourth Engineering Division won the engineering procurement construction contract to build the Guangzhou Football Park with a CNY2.4 billion (USD328 million) bid, the unit of China State Construction Engineering announced on its official WeChat account yesterday.
— Yicai Global
The site was originally meant for a 100,000-seat stadium designed by Gensler. Evergrande, the developer now embroiled in a Lehman Brothers-like freefall, had already begun construction before the project was halted and eventually taken over by the government in 2021. The new design from the Guangdong Architectural Design and Research Institute has a reduced capacity of 73.000, making it still the largest soccer-only stadium in China.
The estimated cost of the original design it replaces was $1.7 billion. Gensler, meanwhile, has begun preliminary work assessing the potential for a new stadium on the site of a disused Westfield shopping center in its hometown of San Francisco.
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