The Taipei City Government yesterday held a conference to recruit local investment in the Taipei Cultural and Sports Park project.
The park comprises a large stadium that has been creating controversy for many years.
Taipei Mayor Ma Ying-jeou (
Ma and the bureau chiefs touted the advantages and profit the multi-purpose park is expected to generate.
The city government plans to carry out the project under a build-operate-transfer (BOT) formula, in which private investors will be involved in the construction and operation.
About 150 representatives of domestic enterprises, including architecture and engineering companies, finance and insurance companies and people from the entertainment sector, attended the recruitment conference.
The Taipei Cultural and Sports Park was one of the projects promoted during the Taiwan Business Alliance Conference, which took place last month at the Taipei International Convention Center.
Designed to be a multipurpose complex, the Taipei Cultural and Sports Park comprises a business and entertainment plaza, official buildings, a cultural and artistic center, a city park, a scenic hallway and a large-scale stadium.
The park would be located at the intersection of Chung-hsiao East Road and Guang-fu South road, near the north side of the Sun Yat-sen Memorial Hall (
The Big Dome Stadium, the most criticized part of the project, features a seating capacity of 40,000, which will be a venue for baseball games and other sporting events, entertainment activities, commercial exhibitions and civic and religious gatherings.
"The city has long needed a large-scale stadium for baseball games and other entertainment activities. The need for the Big Dome was highlighted by the limited number of seats for last month's Taiwan Baseball Series," Ma said.
Another important feature of the project, Ma said, is to build the Big Dome Stadium in the preserved historical site of the Sungshan Tobacco Factory (
Critics have been skeptical about Ma's idea of combining a huge stadium with a cultural park. They also said that since the stadium would be located near the Shungshan airport, it could create serious traffic jams when a game is staged.
The budget for the Big Dome Stadium is estimated at about NT$7.7 billion.
The budget for the other commercial and cultural areas totals about NT$7.1 billion, according to Bureau of Finance Director Lee Sush-der (
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