Korea Building $264 Billion Dollar Mega City

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The photos make it look like a city straight out of a Final Fantasy game but it’s actually South Korea’s latest tourism project entitled 8City.

The mega city is set to cost around $264 billion dollars and would be the largest scale tourism project in the world, if it can get off the ground. The city would be built on the existing islands of Yongyu-Miuu in the port of Incheon, close to the Incheon International Airport.

It would span 80 square kilometers or just over 30 square miles, and would include a “megastrip” that would be over 650 feet high, over 2800 feet wide and just over 2 miles long. If built the megastrip will be the world’s largest monument to male genetalia single architectural unit. Also, an “inner circle” would be build, comprising of a 9 mile long tubular building.

The city would host a multitude of luxury hotels, condiminiums, casinos, theme parks, shopping centers, a concert hall and a Formula One racing track.

For those of you who are looking for something on the more unusual side there’s also going to be a medical tourism town called “healing town” and an entertainment sector called “hallyu” town.

The target audience for the city would be the 5.7 million passengers that pass through Incheon International Airport every year, along with Chinese tourists. Park Seong-Hyun, vice chairman of EIGHTCITY Co., the project’s developer, stated:

“It will become the world’s top city that has the creativity of Dubai, convention centers and casinos of Las Vegas and Macau, as well as the shopping centers and financial hubs of Hong Kong and Singapore,”

The project is scheduled for completion by 2030 and will be funded by the city and investors. The developer has already secured 2.8 billion of the $264 needed from South Korean investors, and an additional 1 billion from the UK’s Sanbar Development Corporation.

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Do you think you’ll be visiting this new luxury city when it’s built? Why or Why not?
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