Posted Wednesday, October 3, 2007 9:28 AM | Contributed by Jeff
Hong Kong Disneyland is unlikely to receive more money from the local government to fund new attractions because of disappointing attendance at the theme park since it opened two years ago, a local newspaper reported Wednesday. Hong Kong's Apple Daily newspaper reported Wednesday the local government, instead of providing fresh cash, is inclined to give the park more land, or sell down its stake in Hong Kong Disneyland for cash to reinvest in the park. All land in Hong Kong is technically owned by the government and leased to commercial developers on long-term contracts.
Read more from AP via Yahoo.
Seriously, the government seems to be making the right move because they're not abandoning their support of the park. I think the idea of giving more land to Disney would be wise since it won't cost the government anything and would likely make it more appealing for Disney to invest more money in the future. It seems that Hong Kong is more or less forcing Disney's hand.
Once again, attendance drives investment, and NOT the other way around. Folks, this is just the way this business works.
What a subtle way to infer you were talking about Geauga Lake. :)
.. when is it any government's responsibility to fund a privately owned amusement park.
When it is a communist government?
when is it any government's responsibility to fund a privately owned amusement park
Probably when said government holds a 57 per cent stake in the privately owned amusement park.
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