A Relic From An Ancient Past
As long as I can recall, the partially-constructed apartment complex pictured above has remained idle. According to its sign, "Pozcu Plaza" was going to be the 'residence of the year 2000'.
"Pozcu Plaza" was highly likely one of the countless victims of Turkey's dual economic collapses in 1999 and 2001. In these years many construction projects came to a standstill or stopped completely as their owners became bankrupt, ran out of money or both. Not visible in the photo above is a crane stuck on the roof, evidence that the development came to a halt suddenly.
Located on prime real estate overlooking the Mersin coastline, the development is crying out to be completed or demolished. However, both of these options are very expensive and only government intervention or a huge rise in land prices will lead to "Pozcu Plaza" regaining face.
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Labels: turkey - economy, turkey - mersin - general
Comments:
# posted by
Emre Kizilkaya at 18 June, 2007 02:54
# posted by
Acılı Birbuçuk at 12 April, 2009 05:35
I remember when the council, early morning, demolished the tea houses and other buildings along Mersin's coastline as they were too close to the sea. Funnily enough, they didn't demolish the Hilton Hotel or Mersin Tennis Club which were also closer than allowed by law.
# posted by
Joe at 12 April, 2009 20:33