Word: nizhneimeretinskaya
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Dates: during 2000-2009
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Alexander Koval, 46, figured his boarding house for a gold mine. The two-storied building with 23 double rooms is only a short walk from the Black Sea coast in Nizhneimeretinskaya Bukhta, a town just 28 miles (45 km) down the shoreline from Sochi - the host city of the 2014 Winter Olympics. But Koval's reckoning of future wealth turned sour early this year when it started looking as if a government decree requisitioning his property for Olympic development could render his home and source of income all but worthless. "The prospect of confiscation has killed the real estate market...
Those who live in Nizhneimeretinskaya Bukhta felt elated too: they expected good business. The letdown came in January, when the state introduced the "Olympic law" laying out the process governing land confiscation for the Sochi Olympics. In contravention of the provisions of Russia's Land Code, the law stipulates that Sochi confiscation disputes would be resolved in court under abridged procedures that allow the state alone to set the price...
...living by letting rooms to vacationers." Their worst fears were realized in early April, when Russia's then Prime Minister Victor Zubkov told a Cabinet meeting that the state would need some 1,700 acres (700 hectares) to build more than 200 Olympic projects, some of them in Nizhneimeretinskaya Bukhta. The state has budgeted about $3.5 million to buy up the land. That works out to an average of $50 per 1,076 sq. ft. (100 sq m) or sotka, Russia's standard unit of land. But Sochi's successful Olympic bid has boosted Sochi land prices fivefold since last...
...Inechkyans have been living in Nizhneimeretinskaya Bukhta for six generations since 1911, when Czar Nicholas II granted land there to resettlers from Turkey. "Now, Putin is taking away what the Emperor gave our forefathers," says Inechkyan. He notes that the authorities promised to shift the bobsled track in the mountains above Sochi because of ecological concerns, "but they have no problem trampling upon human beings...
Andrei Krotun, leader of the Nizhneimeretinskaya Bukhta community's protest, says residents have been desperate to draw the attention of the International Olympic Committee to their plight. But when the IOC inspectors finally did come on April 23, he says, police beat up protestors. Police deny any cruelty, and the Voice of Russia radio station quoted French ski star Jean-Claude Killy, the head of the IOC's delegation, as saying that he was impressed with the speed of preparations...
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