Most: From the Zahražan building, apartments will be created

Most - The town of Most in North Bohemia has had a potential buyer show interest in the dilapidated building of the former cinema and restaurant Zahražany. The site, including the land, will be purchased by the Ostrava-based company Standard Gama. Their intention is to build an apartment building with 150 to 225 high-standard apartments, with the investment expected to reach 230 million crowns, said deputy mayor Hana Jeníčková to reporters today.
    The company will acquire the Zahražany site for 5.3 million crowns, while the city initially wanted eight million. "The site is in very poor condition, and we have not been able to get rid of it for a long time. Last year, we did have a interested party, but they ultimately abandoned the business plan. Therefore, a discount is appropriate," Jeníčková stated.
    In addition to the construction of apartments, the company also plans to include service spaces, including a grocery store, a children's playground, and parking spaces. "The completion is planned for October 2010," she added.
    In the middle of last year, a Vietnamese company with German and Czech participation, Bach Tran Badam, which produces and imports instant soups and noodles from Asia, expressed interest in Zahražany. However, their plan to build a training center met with discontent from the residents of Zahražany, leading the company to abandon the proposal.
    The city also considered renovating Zahražany. However, it would be too costly, with just the demolition estimated at nine million crowns. In the past, a private Financial and Administrative High School expressed interest in the Zahražany site, which began instruction in Most in 2001. Ultimately, they chose the site of a former elementary school as their location in Most.