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Bird's Nest to become shopping center

(2009-02-01 09:25:07)

Citic Group said here on Friday it will in three to five years build the National Stadium
into an entertainment and shopping center, while seeking to hold more sports
games and cultural performances.

The "Bird's Nest" will continue to develop tourism as its major business, while
gradually tapping its auxiliary commercial facilities and turning them into a station
for entertainment and shopping, said the Citic Group.

It will also actively hold sports games and entertainment performances, said the
company, adding that it seeks to further promote the brand of the National Stadium,
the major venue for the Beijing Olympics.

An individual company was established by Citic Group, Beijing Urban Construction
Group and Golden State Holding Group Corporation to focus on the operation of the
"Bird's Nest" business.

According to the company, maintenance of the 250,000-square-meter National
Stadium will annually cost 60 million yuan (about 8.82 million US dollars), making
it particularly hard to make profit.






















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