Entrepreneur Mikhail Prokhorov's company has completed the sale of Fan Generation, the company responsible for building a large cinema and concert hall in the heart of Moscow's business district. The new owner is the Agency for Creative Projects, an autonomous non-profit organization under the Moscow Ministry of Culture.
Project History and Key Parameters
Construction of the concert hall complex began 13 years ago. The building has a total floor area of over 45,000 square meters and is designed to accommodate up to 8,000 spectators. Originally scheduled to open in 2016, the completion date was repeatedly postponed. The latest published timeline calls for the facility to be operational in the fourth quarter of 2023, but construction has been suspended for some time.
Unique Opportunities and Potential Uses
The complex's core feature is its flexible interior conversion system: the space can be quickly adapted to accommodate concerts, theatrical performances, business events, lectures, and conferences. The solution was initially conceived as a federal-level multifunctional venue within the business center.
Reasons for City Interest and Plans for Further Development
With the closure of the Moscow Exhibition Center for extensive renovations and its repurposing as the Russian State Center of Moscow, there is a severe shortage of modern conference and exhibition space. Some experts believe the city authorities may have acquired the unfinished hall to create a replacement venue for major cultural and business events, including international ones.
Completion Prospects
Meanwhile, the specific use and completion date have not yet been officially announced. The facility is likely to be incorporated into a broader plan for the development of the city's cultural and events infrastructure, which the Moscow City Government has actively promoted in recent years.
Potential Impact on the Capital
According to public information, upon completion, the project will become the capital's largest professional cinema and concert hall, capable of hosting large-scale music tours, premieres, business forums, and other events.
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