: Polish investors eyeing to restore property in western Ukraine (photos)

18:02 May. 10, 2016

Polish investors eyeing to restore property in western Ukraine (photos)

The ruins of Chervonohorod Castle. Photo source - tainy.net

Remains of Chervonohorod castle and St. Stanislaw church located in a vanished town 

Chervonohorod castle and St. Stanislaw church may soon be one of Ukraine's top tourist destinations. That is if the reports of local authorities working on paperwork to find its rightful owners turn out to be true.

If legal successors are found they will have the right to own the property. However, according to several Poland-based news outlets, the ruins of the old structures are now the subject of interest of several Polish investors who would like to see the castle restored.

Read also Lubart's Castle: Ukraine's famous architectural landmark is one of the oldest in Europe

Chervonohorod castle and the neighbouring Cathedral were located in a Ternopil region town that was wiped off the maps in the 1940's. During the time of the castle's existence majority of western Ukraine was under Polish rule. Therefore, the last owner of the property is listed as a Polish nobleman Karol Poninski.

The ruins left from the castle near the village of Nyrkiv in Ternopil region can only suggest the magnitude of wealth and influence Poninski must have had in the area. However, restoration of this property is estimated to cost at least USD 10 million.

Read also Kyiv's 'Castle of Richard the Lionheart' set to undergo renovations 

The estimate includes the reconstruction of at least 100 metres of the cobblestone road that leads to the historic landmark. Local authorities claim they would like to see the investment go further than just renovation.

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