According to him, the building – one of the most popular historical monuments of the Russian capital - has come over the past 150 years of its existence to a "complete rack and ruin and is a real threat to the life of the artistes and spectators".
ZAO "Kurortproject" company won the tender for the reconstruction of the building. The reconstruction work would last till 2008, and the total cost of the project would come up to $1 billion. All reconstruction and restoration works of the Bolshoi Theater building would be funded out of the State budget.
The historical appearance of the Bolshoi Theater building would be fully preserved.
During the reconstruction the Bolshoi troupe would give performances on the New (auxiliary) Stage.