Taksim 360 Istanbul is a large-scale urban development project aimed at revitalizing and transforming the Taksim Square area of Istanbul, Turkey. The project is being developed by the Turkish government in collaboration with private investors and is expected to be completed in several phases.
The goal of the Taksim 360 Istanbul project is to create a modern and sustainable urban environment that meets the needs of both residents and visitors. The project includes the construction of new buildings, public spaces, and transportation infrastructure, as well as the renovation and restoration of historic structures and landmarks.
One of the main features of the Taksim 360 Istanbul project is the construction of a new public park, which will cover an area of approximately 80,000 square meters. The park will include a variety of green spaces, walking paths, and recreational facilities, and will provide a much-needed respite from the hustle and bustle of the city.
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Another key element of the project is the renovation of the historic Ataturk Cultural Center, which has long been a landmark of the Taksim Square area. The renovated center will include a new performing arts venue, as well as exhibition spaces and conference facilities.
Overall, the Taksim 360 Istanbul project represents a major investment in the future of Istanbul, and is expected to have a significant impact on the city's economy, cultural life, and quality of living. However, the project has also faced some criticism and controversy, particularly from local residents and preservationists concerned about the impact of the development on the historic character of the area.
As for the return on investment in the project, urban development projects like Taksim 360 Istanbul are often seen as a long-term investment in the economic, cultural, and social development of the city, and can have positive impacts on property values, tourism, and quality of life.
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