John Cora – a former senior executive of The Walt Disney Company – has announced plans to create "Elysium City", a sustainable development and entertainment district in western Spain.

Set to rise in rural Castilblanco, Extremadura – in the heart what has been described as a "Spanish Siberia" – the new property will reportedly comprise a 40,000-capacity sports arena, a mega-casino, a theme park, and a marina, as well as multiple resorts, retail outlets, residential units, and restaurants.

The attraction, which takes its name from the balmy hereafter designated for virtuous heroes and demigods in Greek mythology, is being developed by Cora’s organisation, Cora Alpha.

In a statement, the company said the project would also be the first major smart sustainable city in Europe planned and built in accordance with the 17 Sustainable Development Goals (SDGs) of the United Nations.

According to Spanish newspaper Cinco Días, the Cora Alpha expects Elysium City – which is expected to be completed in 2028 – to welcome 4.5 million visitors in its first year of operation.