Construction of 'Megacity' Building, Left Abandoned for 16 Years, to Resume

Daejeon City Signs Agreement with J The Tower and LJ Space

Daejeon City signed an agreement on the afternoon of the 22nd to resume the Megacity construction project. / Daejeon City

Plans are being explored to resume construction of the Megacity, which has been left as an eyesore in the old downtown area of Daejeon for nearly 20 years.

The Daejeon City Government signed an agreement on the 22nd with J The Tower Co., Ltd. (formerly Megacity) and LJ Space Co., Ltd. to facilitate the normal resumption and development of construction for J The Tower.

J The Tower received its construction permit in 2002 and began work, but construction was halted in October 2008. Since then, the project has faced numerous twists and turns, including changes in ownership and business plans, and has remained abandoned for the past 16 years.

Going forward, Daejeon City, J The Tower Co., Ltd., and LJ Space Co., Ltd. plan to cooperate in providing administrative support related to the building, promoting the attraction of public institutions, and revitalizing both the old downtown and the local commercial district.

Lee Jangwoo, Mayor of Daejeon, stated, "Through this agreement, we expect to improve the appearance of Jungang-ro and revitalize the old downtown. We will spare no effort to ensure that Megacity becomes a beautiful building that greets tourists visiting Daejeon, rather than remaining an eyesore on Jungang-ro."

Meanwhile, there are currently seven buildings in Daejeon where construction has been suspended for more than two years. In response to the resulting safety, social, and economic issues, the city enacted an ordinance in 2021 to support the maintenance and management of abandoned construction sites.

This content was produced with the assistance of AI translation services.