Yeonmu-dong and Seryuil-2-dong Selected as Urban Regeneration New Deal Sites by Ministry of Land, Infrastructure and Transport

[Suwon Ilbo=Correspondent Seo Dong-young] Yeonmu-dong and Seryuil-2-dong in Suwon have been selected as target sites for the Ministry of Land, Infrastructure and Transport's "2019 Second Half Urban Regeneration New Deal Public Contest" on the 8th.

The city plans to finalize and announce the Urban Regeneration Activation Plan by the end of this year and promote urban regeneration projects in phases from next year through 2023.

In the Yeonmu-dong area, 18.3 billion won will be invested, including 11 billion won in national funding, 2.2 billion won in provincial funding, and 5.1 billion won in city funding. In the Seryuil-2-dong area, 16.7 billion won is planned to be allocated, consisting of 10 billion won in national funding, 2 billion won in provincial funding, and 6.7 billion won in city funding.

The Yeonmu-dong project site (97,487㎡) has experienced rapid "urban decline" due to limitations in private development caused by cultural heritage regulations. Considering the regional characteristic of a high proportion of elderly population, the project will focus on community revitalization based on residential environment improvement, including provision of integrated care services and renovation of deteriorated residential areas.

The regeneration project plan with the vision of "Happy Life Village of Yeonmu beyond Dongmun Gate" comprises five unit projects: ▲creation of Yeonmu Village hub spaces ▲residential environment improvement ▲village environment renovation ▲community activation ▲smart city-type projects.

The Seryuil-2-dong project site (133,310㎡) is also experiencing urban decline due to development restrictions. Based on residents' capabilities from carrying out village development projects for 10 years, the project will focus on ▲establishing self-sustaining residential regeneration foundations and ▲activating alley-street commerce.

The project plan with the vision of "10 Years of Village Making, Walking Together in Seryuil-2-dong" comprises three unit projects: ▲creation of Seryuil Companion Hubs ▲alley-street commerce vitalization project ▲residential environment improvement project.

The Urban Regeneration New Deal Policy is an urban innovation project that revitalizes declining urban areas, enhances residents' quality of life, and creates local jobs. Urban decline is considered to be progressing when two or more of three standards—"population," "industry," and "physical environment" decline—are met.

Since 2016, the city has been continuously selected in "Urban Regeneration Project" contests, accelerating urban regeneration projects in the old downtown. With Yeonmu-dong and Seryuil-2-dong selected as Urban Regeneration New Deal project sites, the city will now promote urban regeneration projects in five areas within the jurisdiction.