EcoLur
On August 29 the exectuve adopted two decisions and recognized eminent public domain over Yerevan downtown. One decision relates to the recognition of eminent domain over the territory surrounded with Pushkin, Teryan, Yeznik Koghbatsi and Hin Yerevantsi streets, which is obtained by “Local Developers” LLC. Under the official website of the Armenian Government, the need for urban development projects in the territory surrounded with Nalbandyan, Pushkin, Abovyan streets and Sakharov Square has already been approved, the objective of this decision is to continue works and implement town development project, which will enable to create a harmonized site development with Northern Avenue. The other decision of the government recognizes the eminent public domain over the territory surrounded with Main Avenue, Abovyan, Byuzand, Yeznik Koghbatsi and Arami streets. In line with the draft decision, this will enable to accomplish the town development project, and shabby buildings will disappear from Yerevan downtown due to private investment and to recover “Old Yerevan” historical and architectural environment in this area. The obtainers of these areas are as follows: “IMS”, “Glendale Hills” CJSC and “Derge-Agodip Der- Sahaguian” LLC.
August 29, 2013 at 19:25