Tuesday, January 29, 2008

Dubai Clones Lyon?

Not content with the largest museums,islands,office towers and malls, Saeed al-Gandhi, a Dubai businessman is planning to replicate Lyon. Naming rights for stadiums have long been one method of transforming symbolic ownership into a revenue stream. In this deal the city of Lyon has signed a £350m agreement allowing Dubai to reproduce an area of about 700 acres, roughly the size of the Latin Quarter of Paris, that will contain squares, restaurants, cafes and museums.

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