Sign In / Register
Make This My Home Page | Feedback |RSS
Search
You are here: IE »   Story

Five months after, what to do with the Bird’s Nest?

  • Print
  • Mail This Article
  • Comments
  • Just five months after the Beijing Olympics, the Bird’s Nest is a cavernous museum searching for a new purpose. The iconic National Stadium drew acclaim for its daring design, an engineering marvel that borders on sculpture. Now it draws about 10,000 tourists a day — mostly Chinese — who pay 50 yuan (about $7) to walk on the stadium floor, then climb through the expensive seats to a souvenir shop hawking pricey mementos recalling Zhang Yimou’s dazzling opening ceremony or the three world records set by Jamaican sprinter Usain Bolt.

    A symbol of China’s rising power and confidence, the stadium may never recoup the $450 million the government spent to build it. It has yet to draw big-ticket events, has no permanent tenant, and only one date has been announced for this year. Puccini’s opera “Turandot,” directed by Zhang.

    This is a long-term worry for the company that manages the stadium. Beijing CITIC Consortium Stadium Operations Co Ltd says the stadium can generate annual revenue of $30 million, even while acknowledging that estimate is “optimistic.”

    The stadium didn’t come cheaply, and neither do the official souvenirs. A metallic replica of the stadium goes for 4,800 yuan (about $700), a replica torch kit is 2,900 (about $430) and baseball caps are a more affordable 98 ($14). Of course, street vendors outside the stadium offer counterfeit merchandise at one-tenth the price.

    The management company said that bids for lucrative naming rights — potentially a large revenue producer — were not being taken, because of the iconic nature of the stadium.

    ... contd.

    Next12
    Express Specials
    Comments
    Post comment

    Be the first to comment.

    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.