Tsukiji Market Site in Tokyo to be Replaced by Waterfront Stadium and Skyscrapers
The iconic Tsukiji fish market in Tokyo, which was demolished six years ago, is set to be replaced by a 900 billion yen ($5.7 billion) redevelopment project that includes a scenic waterfront stadium, glistening skyscrapers, office buildings, event spaces, greenery, residential areas, hotels, and a biotechnology research center. The project aims to draw in both local and international visitors and revitalize the area.
The development plan, led by property developer Mitsui Fudosan, has faced opposition from those who prefer to see the prime site turned into a garden. However, Mitsui Fudosan believes that the new development will rival waterfront spots in cities like Sydney and Singapore, making Japan more economically competitive.
The consortium overseeing the project includes major companies like Toyota Motor, Kajima, Taisei, and engineering firms. The new arena may also become the home stadium for the Yomiuri Giants baseball team.
The project will connect ferries on the city’s rivers and Tokyo Bay with city subway lines, serving as a venue for international conventions, trade shows, and tourism. While some groups oppose the development, citing concerns about pollution and safety in densely populated areas, Mitsui Fudosan plans to allow for public feedback and finalize details.
Despite criticisms from some experts and residents, including concerns about the loss of greenery in other redevelopment projects, Mitsui Fudosan is determined to proceed with the ambitious plans for the Tsukiji site. While the final details are still being worked out, the project aims to create a new landmark for Tokyo that combines modernity with the city’s rich history and culture.
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