“The Chinese company "Tian He" plans to begin construction of the hotel complex with restaurant, entertainment infrastructure and a covered parking for 200 automobiles in Magadan in May 2017”, - reported the Management of the government's information policy of the Magadan. According to the company’s data, for the purpose of building ​​about 8 thousand square meters of area will be occupied. Also, representatives of the foreign investor said to the Head of the region, that it may be necessary to carry out resettlement of the private sector in order to make way for the development. The complex will be called the "Golden City", "as the Kolyma region is rich of precious metals and the "Tian He" company owns several licenses for deposit in the Magadan region".