Tsukiji: From fish market to food theme park

Weekly's Pick up

Weekly Pick up will introduce news to help you learn the trends about Japan market investment.

Tokyo plans to turn the site into a transport hub for the Olympics first

The fate of Tokyo's famous Tsukiji fish market is finally coming into focus now that the city's governor, Yuriko Koike, has approved the historic venue's hotly contested relocation. The Nikkei has learned that Tokyo's plans for the site include building a temporary transportation depot for Olympic athletes during the 2020 games. Here is a recap of the relocation saga.

Q: Why is the Tsukiji fish market being relocated?

Q: Why did Gov. Koike initially halt the relocation?

A: The market was originally slated to move in November 2016. But in August that year, soon after Koike was elected, she blocked the relocation, citing environmental concerns. The new site was once home to a coal-to-gas plant, and soil and groundwater samples from the site showed unsafe levels of such pollutants as benzene.

A panel of experts compiled a list of measures to improve the safety at Toyosu, including spreading special protective sheets in the space below the market building. After Koike signed off on the relocation earlier in June, she said in an interview with The Nikkei that she aims to relocate the market in May 2018. But some say that is unrealistically soon.

Q: What will happen to the current site?

A: The fish market is hugely popular among tourists, drawing crowds to its restaurants and famous early morning tuna auction. Tokyo plans to preserve the valuable Tsukiji "brand" by ensuring that the site remains a culinary center. Koike said she intends to redevelop the site into a "food theme park" in five years. She also said some of its market functions will remain, though she has not elaborated on the details.

As part of the relocation plan, Tokyo will build a temporary transportation depot next to an arterial road that will pass through the site. Capable of accommodating a total of 3,000 cars and buses, the depot will serve as transportation hub for athletes and personnel attending the Tokyo Olympics. It is located near the Olympic Village in the Harumi wharf area and offers easy road access to such Olympic venues as the New National Stadium.

An earlier plan to use the Tsukiji area for parking went into limbo when Koike put the relocation on hold, but the idea was dusted off when the new market got the green light.

Nikkei