Posted Tuesday, March 17, 2009 11:03 AM | Contributed by Jeff
Walt Disney Co. halted creative and design work on the expansion of its Hong Kong theme park, leading to 30 job cuts and raising tensions with Hong Kong’s government. The theme-park operator said it still hasn’t reached an agreement with the government on an expansion plan after two years of investment and negotiations. The city government, which owns 57 percent of the venture, said the cuts aren’t conducive to the talks.
Read more from Bloomberg.
I had a feeling this park is going to fall by the wayside once a Disney park gets built in mainland China. Could this be the start of that?
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