According to the Associated Press, a state news agency said Friday the area around Beijing’s National Stadium, also called the Bird’s Nest stadium, will be turned into a shopping and entertainment complex in three to five years.
The stadium reportedly has fallen into disuse since the 2008 Olympics ended and paint is already peeling in some areas.
There are plans for the $450 million stadium to anchor a complex of shops and entertainment outlets in three to five years, reports Xinhua News Agency. Citic Group will continue to develop tourism as a major draw for the Bird’s Nest while looking for sports and entertainment events.
Details about the development plans were unavailable, reports the Associated Press.
