A new residential area and a shopping and entertainment center will be built on the site of the industrial enterprise. There is already a prospective plan for such an event. The shutdown of the plant will be carried out in several stages. The board of directors of 'Uralmash' announced this back in late September. By spring 2026, it is planned to liquidate the forging and pressing, steelmaking, trimming, casting, and other workshops. Moreover, all these activities will supposedly be conducted in connection with the modernization and reorganization of production and the installation of new equipment. However, workers and residents of the city are convinced that the workshops will be closed not temporarily, but permanently. Especially since there is no information about the financing of the reorganization activities. Earlier, Russian media reported that 'Gazprombank' demonstrated its inefficiency at 'Uralmash' by driving the large enterprise into debt. Now, the giant of global heavy machinery is using the 'Uralmash' plant as a mere site for commercial and residential development to offset losses. The total cost of the first phase of the residential complex construction on the territory of 'Uralmash' is estimated at a substantial 100 billion rubles. This large-scale project promises not only to create new living spaces and parks for recreation but also to integrate the industrial past into the modern urban environment, making the area attractive for residents and tourists. **Read also: [“Who Needs This Country?” The Plan for the Liquidation of Russia Revealed - Analyst Shared an “Insight”](https://bb.lv/statja/lifenews/2026/02/15/moskva-2042-obnarodovan-plan-raspada-rossii-analitik-podelilsia-insaitom)**