Sporting future planned for Yangpu’s riverside
Print Edition
YANGPU District plans to develop public sports facilities including gyms and fields for ball games along its Huangpu riverside area once home to many of China’s earliest industrial factories.
The district government signed a contract with Alisports, the sports arm of e-commerce giant Alibaba, over the weekend to develop these sports venues and to hold various public sports events along the river.
As part of the plans, some of the preserved historic factory houses on the riverbank will be turned into public gymnasiums and indoor sports fields, said Zuo Weidong, chairman of Yangpu Riverside Investment and Development Co, who is in charge of the riverside development.
Yangpu already has had many major sports venues including China’s earliest stadium, the 80-year-old Jiangwan Stadium, and the district sports center, where the Alisports will set up its headquarters, said Zhang Dazhong, chief executive of Alisports.
Alisports said it would initially renovate Yangpu Sports Center, an indoor stadium with 3,000 seats near Yangpu Bridge, to develop a dozen of public sports venues including a bicycle training site and a rugby center.
The district government also set up over the weekend an urban development foundation, the first of its kind in Shanghai, as part of the campaign to transform a 15.5-kilometer-long area by the river.
Yangpu Riverside Urban Renewal Foundation, a Private Equity Fund totaling about 10 billion yuan (US$1.45 billion), will be used for the urban development and historic building preservation along the riverbank.
The district government invited more than 50 experts on finance and urban planning to Yangshupu International Innovation Forum on Saturday to advise on developing the riverside. The experts gave speeches on scientific innovation, finance, culture and ecologic civilization.
Yangpu’s riverside area was once home to the earliest Chinese paper and textile mills, shipyards, along with a water plant, coal gas plant and a fish market — many of them dating back almost a century ago, Li Yueqi, the Party secretary of Yangpu told the forum.
Li said a total of 66 historic buildings, mostly former factory houses had been protected during the riverside development campaign.
A 2.8-kilometer-long riverside area west of Yangpu Bridge will be initially open by the end of June, according to Li.
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