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Mitsubishi Estate to build large theme park in Yokohama

Slated to open as early as 2031, site will rival size of Tokyo Disneyland

Mitsubishi Estate plans to turn a chunk of land in Yokohama into a theme park that will compete with the likes of Universal Studios Japan and Tokyo Disneyland.

TOKYO -- Japan's Mitsubishi Estate is set to build a theme park in the city of Yokohama that will rival the size of Tokyo Disneyland.

Yokohama's municipal government announced on Thursday that it had selected the real estate giant to redevelop part of a piece of land in the city's Seya district that was previously used as a U.S. military site.

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