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A more detailed article has been released. Apparently the reason for the delay is because the plans have not been finalized yet.

They have obtained an official extension to delay the project further (without an extension granted, this project would be at risk), and now the official target from Lotte is to begin construction in September 2020 (with completion in December 2023).

https://go.seoul.co.kr/news/newsView.php?id=20191206021001&wlog_tag3=naver
 
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