Nagasaki Shimbun has reported that Japanet Holdings, the parent company of the J-League Division 2 side V-Varen Nagasaki, announced that a new subsidiary assigned with the task of overseeing the Nagasaki Stadium City Project has been established.

The core business of the Nagasaki Stadium City Project will be the urban redevelopment of the city’s CBD area near the Nagasaki Station, with the plan heavily focused on building a new football stadium as well as business and retail complex and hotels.

The new subsidiary, Regional Creation Nagasaki, plans to invest between JPY50 billion (£366m/€411m/$464m) and JPY60 billion to develop a new home stadium for V-Varen at the Saiwaimachi site where Mitsubishi Heavy Industries, Ltd’s factories used to be. There will also be a new indoor arena, business and retail complex, apartment blocks and hotels build in the area.

The two new designs revealed show a rectangular stadium and oval-looking stadium, with the full circle symbolising peace. Both designs show that the venue will be a purpose-built football stadium and will have a 360 degree concourse looking out to the various views of the city. The proposed capacity of the new stadium will be between 25,000 and 27,000. The new indoor arena will have a capacity of between 8,000 and 10,000 and will be developed on the north side of the stadium regardless of which design is selected.

Japanet Holdings is planning to add 20 to 50 new employees to Regional Creation Nagasaki each year up to the redeveloped area’s official opening in 2023, meaning they are looking at having around 150 to 200 staff to run the area eventually. The holding company is also expecting an annual turnover of JPY15 billion to JPY20 billion generated from the redeveloped area.

Tomihisa Taue, the Mayor of Nagasaki City, told the local newspaper: “The City would like to support the new company so that the Nagasaki Stadium City Project will be a success.”

Images: Japanet Holdings

News provided by The Stadium Hub