surrounded by walls on an island in an artificial lake. The winter house of the international children's Nairamdal camp was designed as an ocean liner travelling in a sea of mountains. One of the largest monuments of the socialist period is the Palace of Culture. Although it has elements of Mongolian architecture, its basic design is also found in the capitals of many former socialist countries. Amid a vision of replacing yurts with apartment blocks, the yurt districts were seen as temporary, transient housing. Under socialism the state made little or no effort (except for bathhouses) to develop the yurt districts, which became Mongolian shanty towns. Modern period Perestroika and the transition to democracy induced interest in traditional history and culture and free thinking in the arts and architecture. Nearly the entire population of Mongolia donated toward repairs to the Chenrezig temple in the Gandan Tegchinling monastery and the re-casting of the statue of Boddhisattva Avalokiteshvara. A group of artists and architects led by the actor Bold, an enthusiast for traditional architecture, developed a project to make Ulaanbaatar an Asian city. They began building traditional gates and shades in the Street of Revolutionaries and other streets and in the amusement park. Although the project ended at the beginning of the 1998 Russian financial crisis, Mongolia's Buddhist sangha continued restoring and founding monasteries. Modern architecture returned as the economy began to recover from the financial crisis. The completion of the tall glass Ardiin Bank building (now hosting the Ulaanbaatar Bank) and the glass Chinggis Khan Hotel complex during the second half of 1990s marked the beginning of a new age in Mongolian architecture. The Bodhi Tower, built in 2004, consists of two buildings. The one facing Sükhbaatar Square is a four-storey classical building which harmonises with the surrounding 1950s architecture. A high-rise tower, the other building, faces the back street; a similar principle was used in the design of the previous period's Palace of Culture. Another contemporary building is Ulaanbaatar's Narantuul Tower. Hotel Mongolia, in the city's Bayanzürkh district, has a silver-tree fountain at its centre reminiscent of Karakorum. Prime Minister Tsakhiagiin Elbegdorj appointed a group of professionals to develop a project for a new city at Karakorum. According to the prime minister, the new city would become the capital of Mongolia. After his resignation and the appointment of Miyeegombyn Enkhbold as prime minister, the project was abandoned. See also List