City of Ostrava at Expo Real: new projects for urban areas revitalization

29 September 2016

At the upcoming Expo Real (Munich, Oct 4-6), the City of Ostrava intends to show its potential for a wide range of purposes. The proactive approach to investors has helped Ostrava further improve Moody´s rating as its already high rating A2 was confirmed in June 2016 and, what is more, in terms of the future outlook, it was transferred from the category “Stable” to “Positive”. Ostrava is to present at Expo Real not only the long-term projects (such as the news about the Ostrava – Mošnov Industrial Zone as well as about the Science and Technology Park Ostrava) but also new projects for urban areas revitalization: e. g. the plan of the connection between the historical centre and Černá louka with surrounding natural area of the Ostravice River. Recent years have already seen the rehabilitation of the embankment, running along the whole length of it, from the city centre to the municipal park, for the leisure-time activities. This venue is adjacent to an area suitable for the further development of the shopping, office and residential site of Nová Karolina. The first two stages of Nová Karolina were completed in 2012 and 2013. The development of the two follow-up stages has been currently prepared. Furthermore, Ostrava is working on other projects reflecting new points of view on urban area. The City, for instance, has joined the REFILL project and, in cooperation with architects, geographers and local initiatives and communities involved in the areas of culture, sports and leisure-time activities, is trying to find opportunity for the temporal use of vacant real estate in the centre. Thanks to the implementation of this project, new opportunities open up to use abandoned, dilapidated buildings or areas and, as giving them a new purpose, breathe new life into them, along with providing support to beginning entrepreneurs and various community activities.

Legend to the photo:
The shopping, office and residential site of Nová Karolina

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