the evergrande chinese football stadium taken over by the authorities

Chinese government takes control of guangzhou stadium

According to recent reports, the Chinese authorities have taken control of the guangzhou evergrande football stadium, whose construction was interrupted due to financial problems. commissioned by property developer evergrande — currently in debt — and designed by a global company gensler, the project was to become the largest football venue in the world by capacity and complete by the end of 2022.

all images courtesy of gensler

evergrande football stadium sees an uncertain future

construction of the guangzhou evergrande football stadium began in april 2020, with an estimated cost of $1.86 billion. however, all work on the 100,000 capacity project halted in August 2021 as Evergrande struggled to repay over $300 billion in debt. the real estate developer handed over control to authorities who plan to sell the stadium or, in the absence of buyers, acquire it through the state-owned guangzhou city construction investment group.

chinese authorities take control of indebted evergrande football stadium in guangzhou

about stadium design

designed by gensler, the stadium is expected to serve as an iconic landmark for the local sports industry and a central gateway to the greater bay area. the huge venue will host guangzhou evergrande taobao FC and serve as a major sports center for the pearl river delta.

the stadium is adjacent to guangzhou south railway station, which optimizes accessibility and attracts football fans from all over the country. design by the world famous company features a symbolic geometric roof that alludes to intertwined lotus flowers and symbolizes honor, tenacity and unity. chinese authorities take control of indebted evergrande football stadium in guangzhou

myrto katsikopoulou I conceive

December 07, 2021

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