death, he was investing in a large-scale project of the reconstruction of a number of buildings in Kitaigorodsky proezd and Varvarka street. These structures constitute a significant part of the unique Zaryadye Park, which is being constructed on the site of the former hotel Rossiya. In particular, he purchased some buildings in Kitaigorodsky proezd, which borders upon Zaryadye park which is being constructed on the site of the demolished hotel Rossiya. In 2014 Shumkov bought out from the Moscow City Government a group of buildings at Varvarka 14 bldg. 1, 2, which are also in proximity to the future park. According to Moscow authorities, the projects will be able to repay expenditures for Zaryadye Park. The ambitious reconstruction of the buildings in Kitaigorodsky proezd and Varvarka street includes not only the erection of a five-star hotel managed by Mandarin Oriental Hotel Group but also the realization of a wide range of cultural and social initiatives. It is estimated that the working cultural center Stena will provide a future unique environment, where academic and educational purposes are combined with vast opportunities for arranging public events. More specifically, there are plans concerning the launch of a number of museum projects, including, the Ethnographic Museum of Traditional Practices and Cultures of Peoples of Russia, a virtual museum of fortification Russian Forts, and exhibitions dedicated to the history of Zaryadye, the oldest Moscow area. The hotel complex will house an up-to-date media center, a library of Jewish literature and an exhibition devoted to the production of the first feature film Strike by Sergie Eisenstein, which was shot in Kitaigorodsky proezd. All these venues will become the key functional points of the unique Zaryadye park, which is currently being constructed without causing damage to the landscape integrity of the surround. Shumkov was a co-owner of the Moscow Olympic Stadium (Olimpiyskiy). It is the largest indoor stadium in Europe, and at the time of the 1980 Olympic Games opening ceremony it was the biggest one in the world. The maximum arena capacity is 35 000 spectators. The highest number of world swimming records was set in the Olimpiyskiy swimming pool. Every year the Olimpiyskiy swimming pool alone receives more than one million visitors. In 2009 Olimpiyskiy hosted the prestigious international song contest Eurovision. Over the years music performances by Alla Pugacheva, Beyoncé, Aerosmith, Pink Floyd, Kino, Rammstein, Kylie Minogue, Muse, Shakira, Scorpions and Linking Park, among