Prague wants to have a contract with developers for the brownfield in Bubny finalized this year

Prague – The Prague City Hall is negotiating with development companies a so-called planning contract regarding the anticipated construction of the brownfield site Bubny-Zátory between the Vltavská and Nádraží Holešovice metro stations, where a new district is to be created. The agreement should be finalized this year. In an interview with ČTK, the mayor's deputy Petr Hlaváček (STAN) said. The contract concerns so-called contributions from investors to the city, which can take the form of money, land, or the construction of schools and other infrastructure.

Most of the land on the brownfield was previously owned by the CPI group, which recently sold half of its parcels to the J&T group. A joint venture of both companies will build on the land. Based on the proposed contract, the city should receive so-called contributions, which will, according to the deputy, be higher than in the case of a similar contract for the Žižkov Freight Railway Area. In that case, the values reached approximately 1.6 billion crowns.

According to Hlaváček, the planning contract will include a study based on a previously prepared territorial study and area description in the forthcoming new city zoning plan, which is intended to clarify the form of future development and also expedite the permitting processes for construction.

Bubny-Zátory, along with the Žižkov Freight Railway and the Smíchov Railway Station, is one of the so-called large development areas in the metropolis. According to the zoning study, up to 25,000 people could live in the new district in the future. There will be, among other things, residential and administrative buildings, a park, and near the C Vltavská metro station, a concert hall that the city is preparing. A railway with several stops will run through the area.

Prague is demanding through so-called contributions from developers a certain amount per square meter of gross floor area of the planned projects. The contributions are based on a methodology whose preparation started in the previous electoral period and utilize the institution of so-called planning contracts established by the new construction law. According to Hlaváček, since the introduction of the methodology, the city has received contributions from investors worth a total of 6.4 billion crowns.