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The local government made a decision to rename the square in honour of Soviet poet Vladimir Mayakovskiy who wrote the poem and devoted it to Novokuznetsk (Stalinsk) in 1929.
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Now this monument is of regional importance and the main sightseeing of Novokuznetsk.
http://suse.kemrsl.ru/view.php?id=3003 -
May be the lignes from his poem:
Я знаю – город будет,
Я знаю – саду цвесть,
Когда такие люди
В стране советской есть!
will come true and this monument will be the cultural city centre where citizens will declare poems and take part in different cultural events.