Mitsubishi plans to open the park in 2031, initially targeting at least 12 million visitors annually. The chunk of land, formerly home to a U.S. radio facility, covers 242 hectares and was returned to Japanese authorities in 2015. The theme park is expected to fill a 51-hectare area, with a commercial complex and other buildings using the remaining land. According to estimates based on the price tag for developing Tokyo Disneyland, the project will likely cost billions of dollars. While Mitsubishi is still ironing out specific plans on what to feature in the theme park, the company is looking to take advantage of surging interest in Japanese animation and video games at home and abroad. It expects attractions to use cutting-edge technology such as virtual reality.