New Songdo Intelligent City

A U.S. company has been selected to build South Korea's $12.5-billion massive 'New Songdo Intelligent City'.

"This project represents one of the largest international real estate developments in the world and the first United States/South Korea real estate joint venture in history. The POSCO/Gale Company venture has executed a development agreement to acquire 1,400 acres to be built in several phases over a ten-year period with an estimated completion cost of $12.5 billion. This project will be called New Songdo Intelligent City. The 1,000-acre development will include a World Trade Center, convention hall, office towers, retail, hotels, 15,000 housing units, two golf courses and a 60-acre, public Central Park. The remaining 400 acres will be targeted for the city's construction of public improvements to include streets, sidewalks, utilities and government buildings."

Thanks to Kristen Richards

Full Story: US-South Korea Joint Venture to Develop New Urban Center Next to World's Second Largest Airport in South Korea

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95
Book cover of the Guide to Graduate Planning Programs 2012

Thinking about Grad School?

You need the essential resource for prospective planning students
Starting at $24.95