with the compact center of Riga as its most modern part. If, in the historical and "quiet" parts of the center all buildings and infrastructure are historical and all efforts are expent to maintain or renovate the buildings, then Skanste is a free territory in the center of the city where a functioning modern district can be developed. The Skanste development territory has been included in the spatial nucleus of Riga with a compact type of occupancy. Since most jobs are located in the city center, the development plans include constructing residential buildings as close as possible to this part of the capital. The other direction of development regards office space. Skanste is a location for international business service centers, representing international enterprises or branches set up for particular functions with competitive salary schemes. 10,000 jobs are scheduled to be created in this sector in the next four years. Investments in the Skanste neighbourhood Members of the Skanste Development Agency have already made substantial investments and in the future the amount of investment will continue to grow. The local government plans to develop this neighborhood in synergy with entrepreneurs. Infrastructure will be built by attracting EU money, and entrepreneurs will develop their projects. By 2018, investments in Skanste amounted to €300 million. By 2024, this amount is projected to increase to about €800 million, including building a conference and concert center (with planned annual attendance of ~ 600,000), a multifunctional private clinic (with planned annual attendance of ~ 250,000), developing an internationally oriented innovation and gastronomy quarter 'Sporta 2' and the FS METTA Youth Football Education Center (with planned annual attendance of ~ 150,000), as well as office and residential buildings. The Riga City Council is planning to attract European funding to build the infrastructure, including the much discussed new tram line, which will connect the Skanste neighborhood to the city center: it is expected that the cost for building the tram line will be €100 million, and €7 million for streets and parks. Altogether, it is planned to invest €900 million in the development of the Skanste neighborhood: one of the largest real estate investment objects. Skanste today Next to the historical and "quiet" centers, Skanste is developing as the modern part of the capital. The neighborhood that covers over already houses the central offices of several banks, and new apartment and office buildings. Pillar Offices Pillar is one