The Walt Disney Company Reaches Another Major Milestone on Shanghai Theme Park!

[KyleRayner]

http://disneyparks.disney.go.com/blog/2009/11/disney-shanghai-theme-park-project-update/

 

[mitros]

Hmmm..... will the theme park stores in the Shanghai park have merchandise made in the USA?

 

[ChrisFL]

Hmmm..... will the theme park stores in the Shanghai park have merchandise made in the USA?

 

[crazy4wdw]

From the Orlando Sentinel:

China approves plans for a new Disney theme park

The Walt Disney Co. announced Tuesday evening that it has received approval from the central government of China to move forward with plans for a new theme park in Shanghai.

The approval brings Disney closer toward its longstanding goal of building a new resort on mainland China. The world’s most populous country is a huge potential growth market for Disney, both for its theme parks and its broader entertainment offerings.

“China is one of the most dynamic, exciting and important countries in the world, and this approval marks a very significant milestone for the Walt Disney Co. in mainland China,” Disney President and Chief Executive Officer Bob Iger said in a prepared statement.

Disney says the approval clears the way for it and the Shanghai government to finalize an agreement to build and operate a new theme park, which would be the company’s sixth, including another Chinese theme park in Hong Kong. The first phase of Shanghai Disneyland, which would reportedly cost $3.6 billion to build, would include a Magic Kingdom-style park “with characteristics tailored to the Shanghai region.” It would also have hotels and a shopping district and could be expanded if the initial park is a success.

Disney would reportedly hold a 43 percent stake in the resort. The Shanghai government would own 57 percent.