Olympic venues constructions start moves closer to the reality as Sochi administration and the residents of the Imeritinskaya Valley, where the Sochi 2014 Olympic Park will be located, reached compromise on where the residents will be relocated.

Russia offered exceptionally compact plan, where all the competition venues would be within 30 miles of each other. It will consist of two parts: mountain region, hosting sliding and skiing events, and sea-side region, where ice venues will be located. The sea-side region will be located in the Imeritinskaya Valley of the Adler district. There were several concerns with this location, the biggest one being a question of what to do with the people who live there now. Government has promised to make everyone happy, but with realty prices in Sochi skyrocketing after the successful Olympic bid, residents of “Imeritinka” (as locals call Imeritinskaya Valley) did not trust government to be good to its word. Most recent conflict was in the end of July, when locals did not allow city’s officials to their territory to measure their land.

But it appears that long fought battle is over. Earlier Sochi administration officials said that comromise has been reached, and not a single person will be relocated from the areas of Olympic construction without having their social issues taken care of first. And today Alexander Tkachev, governor of Krasnodarski Krai, signed first nine of 138 orders to take over real estate properties for the Olympic construction.

What is the deal

The details of the deal are as follows: residents will be able to choose between a new house in the eastern Imeritinskaya Valley build by the city, and a residence paid for by administration. For those who will choose to live in eastern part of Imeritinskaya Valley, the administration is allocating 66 hectares for the real estate properties where brand new houses will be built, as well as all necessary infrastructures. In addition to this, new cultural-historical center will be established to preserve traditions of the Old Believers community who live in Imeritinka as well.

It sounds like a really good deal. Especially considering that some parts of the Imeritinka has little to none of basic infrastructure.

First nine household will be relocated until the end of this year, while the rest of them during next 1,5-2 years span.