Battle for the Relocation of The Cherkizovsky Market: Who Won?

Introduction

The Cherkizovsky market is one of the largest and most popular markets in Russia. It was founded in the early 1990s and became a hub for traders and sellers from all over the country. However, the market has been in legal trouble for a long time now, as it has been associated with illegal activities such as drug trafficking, money laundering, and other criminal activities. This has led the authorities to decide to relocate the market to a new location, which was the start of a battle for the right to control it.

What is the Cherkizovsky Market?

Cherkizovsky market is one of the most famous and the biggest markets in Moscow, Russia. It was opened in 1992 and quickly became a popular destination for buyers and sellers from all over Russia. At its peak, the market had about 200,000 visitors each day, contributing to a turnover of more than two billion dollars a year. However, the market became associated with illegal activities, including counterfeit goods, drug trafficking, and money laundering. The authorities, therefore, decided to relocate the market to another location.

Battle for the Right to Control the Market

The relocation of the Cherkizovsky market was a hotly contested issue. The Mayor's office in Moscow suggested relocating the market to a new location, which would be called Borisovskiy Market. However, some of the traders from the Cherkizovsky market opposed the relocation and went to court to challenge it. They argued that the new market would not be able to replicate the success of the old market, which had been built up over years of hard work.

The New Borisovskiy Market

The Borisovskiy Market was built to become the new location of the Cherkizovsky market. The new market is located in the southeast of Moscow, about 20 km from the old location. The market was designed to have modern infrastructure, including high-quality roads, digital marketing, and other facilities. The new market covers an area of 373 hectares and accommodates over 25,000 traders. The market is said to be one of the biggest in Europe, and it was built at a cost of approximately $200 million.

Benefits of Relocation

The relocation of the Cherkizovsky market to the Borisovskiy market has numerous benefits for both the government and the traders. The government benefits from increased tax revenue and improved regulation of trade, eliminating any illegal activities that may have been going on. The new market also has a better image, making it a better destination for tourists and buyers. The traders benefit from modern infrastructure, more spacious stalls to sell their products, and a new customer base.

Conclusion

The relocation of the Cherkizovsky market has been an issue of contention for many years. However, the relocation to the Borisovskiy market seems to be a win-win solution for both the government and the traders. The new market is modern, spacious, and a good destination for buyers and sellers. It will be a significant boost to the economy, and the traders will benefit from the vast space and modern infrastructure at the market.

FAQs

1. Why was the Cherkizovsky market relocated?

   The market was relocated due to its association with illegal activities such as drug trafficking, money laundering, and other criminal activities.

2. Where is the Borisovskiy Market located?

   The Borisovskiy Market is located in the southeast of Moscow, about 20 km from the old location.

3. What are the benefits of relocating the market?

   The relocation benefits the government and traders by increasing tax revenue, better regulation of trade, better image, more spacious stalls, and a new customer base.

4. How much did it cost to build the Borisovskiy Market?

   The Borisovskiy market was built at a cost of approximately $200 million.

5. How big is the new market compared to the old one?

   The Borisovskiy Market is reportedly one of the biggest in Europe, covering an area of 373 hectares and accommodating over 25,000 traders.