Ambitious plans to build a high - rise satellite city for 150,000 inhabitants had to be shelved due to the recession brought about by the 1973 oil crisis .
Another plan failed in the 1990s due to the collapse of a bubble in the housing market .
Ambitious plans to build a high - rise satellite city for 150,000 inhabitants had to be shelved due to the recession brought about by the 1973 oil crisis , and another plan failed in the 1990s due to the collapse of a bubble in the housing market .