Posted Thursday, April 30, 2009 10:46 AM | Contributed by Jeff
Hong Kong Financial Secretary John Tsang plans to meet with executives at Walt Disney Co. (DIS) in Los Angeles Friday to discuss Hong Kong Disneyland's expansion plans, the government said Wednesday. Citing unnamed sources, the Hong Kong Economic Times reported Thursday that the government is open to reducing its stake in the park in return for Disney funding that would help expedite the expansion program.
Read more from Dow Jones via The Wall Street Journal.
I can't help but wonder if Disney is planning to focus on a park in mainland China instead of this one.
I wouldn't think so given the amount they've already sunk into this one. China would seem big enough to support both.
I agree that China could support two parks but if the company is feeling the effects of the economy, perhaps they'll want to pass on spending more money in Hong Kong so a park gets built in China?
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