Selling prestigious university area can compensate the state about one billion dollars

VLADIVOSTOK, January 23, vladivostoktimes.com APEC Summit 2012 objects construction can be partly compensated by transferring the objects to the future Federal National University planned to be founded on basis of FENU, "Zolotoy Rog" newspaper reports under the heading "It is rumored that…". Today FENU has about 150 buildings in Vladivostok and other Primorye cities. Buildings in the center of Vladivostok, at Oktyabrskaya St., Sukhanova St., and Uborevicha St., are of particularly great value. This group of buildings is likely to be offered on a competitive basis to a big Moscow or foreign developer to be reconstructed and sold at the real estate market. Considering the real estate market development in Vladivostok, in five years prestigious university area’s sale price can settle down within 5-7 thousand dollars for a square meter, which can compensate the state about one billion dollars out of ten billion expected to be spent on all Summit objects.