In another measure to clear up regulatory issues for the anticipated IR bid, the Osaka City Urban Planning Council has agreed by majority vote to change the zoning designation of about 143 hectares of Yumeshima island to a “commercial zone” from its current status as an “industrial zone” or “semi-industrial zone.”
Currently, the main activity on Yumeshima is its use as a container terminal, with the only commercial business on the manmade island being a single convenience store.
When it was first constructed in the late 1970s, Yumeshima had been envisioned as an area for businesses and residential homes, but those plans evaporated with the bursting of the Bubble Economy at beginning of the 1990s, and only the container terminal was actually built.
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