According to a Walt Disney Company press release, Disney is submitting plans to build a theme park in Shanghai, China. This will be Disney's second park in China; they already have one in Hong Kong. Disney has stressed that no deal has been made yet, and that they were still in the process of submitting their plans to Chinese government officials.
The plan is to build a large theme park and hotel complex in the southern suburbs of Shanghai, expected to cost $3.59 billion and would occupy about 371 acres. This would be a larger park than the one in Hong Kong. Disney would own 43% of the park, with the other 57% belonging to the government of Shanghai.
Disney plans to release more information when plans are finalized. Despite the tough economy, Disney is planning on moving forward with this new complex and the new resort in Hawaii that I mentioned in a previous post.
Wednesday, March 25, 2009
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