A new mega resort casino project is planned for Spain’s Extremadura region, but only time will tell if the plans come to fruition.

On Monday, officials in Spain’s autonomous region of Extremadura announced the birth of a new mega-resort to be known as Elysium City, which features a multi-phased rollout with a total budget of up to US$13.5b, assuming all of these grand plans ever take tangible root.

The project is being backed by California development firm Cora Alpha, a division of Cora Global, which is run by John Cora, a former VP of the Disney corporation in charge of theme park operations and resort development.

The plans are to develop the Elysium resort on a 1,200-hectare parcel of land in the Extremaduran town of Castilblanco. The first phase expects to complete in 2023 and would consist of a casino, four hotels, a golf course, several theme parks, plus a 40k-seat football stadium and an assortment of infrastructure projects to serve a 2k-home residential complex.