Hong Kong Disneyland clashes with government over financing

Posted Friday, August 1, 2008 10:14 AM | Contributed by Jeff

Walt Disney and the Hong Kong government are fighting over the ongoing financing of the Hong Kong Disneyland theme park. The park, which is 57% owned by Hong Kong and has been open nearly three years, is due to repay HK$2.5billion ($325 million) of loans in September. But the two sides cannot agree on how it should be refinanced. Failure to agree may mean that the park operators have to turn to the commercial credit markets, which would likely be more expensive than credit from Disney or the government.

Read more from Variety Asia.

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