In 2015, Monaco unanimously approved a modest land reclamation expansion intended primarily to accommodate desperately needed housing and a small green/park area. Monaco had previously considered an expansion in 2008, but had called it off.  The plan is for about six hectares of apartment buildings, parks, shops and offices to a land value of about 1 billion euros.  The development will be adjacent to the Larvotto district and also will include a small marina.  There were four main proposals, and the final mix of use will be finalised as the development progresses. The name for the new district is Anse du Portier.