Makinohara City in Shizuoka Prefecture has announced it will no longer be pursuing an IR bid. The city was hoping to cooperate with Shizuoka Prefecture in investment impact research and formulating an IR Basic Plan, but according to the Nikkei was unable to achieve the consensus of the local area and therefore did not proceed with the required basic research.
The city held briefings in March and April where it received feedback from residents that they wanted to see the “specific advantages and disadvantages” of developing an IR. The city had subsequently hoped to encourage consensus building with residents by demonstrating these factors after conducting the basic research.
Bidding for an IR was advocated by a committee comprising members of local business organizations. The city had originally announced its intention to pursue an IR bid in January 2019.