On September 25, Nara City announced that they are putting the long-since closed Nara Dreamland site up for sale with an estimated price of 730 million Yen. Bids will be opened on November 11 with final payment due on November 18.
The sale includes 297,519 sqm of land with 75 buildings including a hotel, training centre, retail spaces, the amusement park buildings and rides, and offices. The park closed in 2006 and is largely overgrown and in a state of disrepair.
The City foreclosed on the site in April 2013 after the previous owner fell behind in property taxes to the tune of 650 million Yen.
Nara Dreamland opened in 1961 and was modelled after California’s Disneyland. It attracted up to 1.6 million visitors a year during its peak, but numbers had dropped to 400,000 before its closure.
View more about Nara Dreamland here.
Source: The Nara Shimbun, September 26, 2014.