Chiba city, which is considering an integrated resort (IR) bid, has revealed that all eight IR project proposals it received had Makuhari New City listed as the candidate location.
According to Chiba Nippo, Mayor Toshihito Kumagai stated, “The content of the proposals demonstrate that an IR in the Makuhari New City area is achievable,” indicating an early decision would be made on whether to proceed with an IR bid.
The city earlier this year called for a request for information (RFI) and in October eight operators, including overseas companies, made proposals. Individual meetings were also held with each operator.
The estimated construction investment is between JPY500 and JPY700 billion, with expected number of visitors of between 20 and 40 million annually. It is hoped that annual tax revenue will amount to JPY50 billion.
The city plans to release a summary of the RFI around March 2020.
“We will make an early decision based on analysis of the RFI results and the national schedule,” Mayor Kumagai said. The decision will be comprehensive, taking into account economic effects and countermeasures for problem gambling.
