Asia

Osaka City Council Votes Against IR Referendum

Published

3 years ago

February 15, 2022

Niji Narayan

Reading Time: < 1 minute

Authorities in Osaka have finally refused to call for a public referendum on whether or not to allow proposals for an integrated resort (IR) in the city. The request for a referendum was made by the Liberal Democratic Party (LDP), but 58 of the 83-seat council voted against the draft ordinance.

Osaka City Council and Osaka Prefecture are now due to vote on the prefecture’s draft District Development Plan, which includes an integrated resort, at their regular meetings which will run until late March.

Osaka’s draft plan to open a casino resort in the metropolis has set a target opening date of fall or winter 2029. The Osaka government plans to submit its proposal to the national government in April.

The prefecture’s operator partner, the MGM-Orix consortium has proposed to invest US$9.1bn in the planned IR proposed for an artificial island, named Dream Island, in Osaka Bay. According to the plan, the city will need to assume approximately US$692m for soil improvement measures, including site purification and soil liquefaction control measures.

Related Topics:Against IR Dream Island integrated resort Liberal Democratic Party MGM-Orix Consortium Osaka City Osaka City Council

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.