Osaka lends 3 billion yen to Universal Studios Japan

Posted Friday, February 7, 2003 4:01 AM | Contributed by supermandl

The Osaka municipal government is to lend the operator of Universal Studios Japan 3 billion yen to build three new attractions in an attempt to boost flagging visitor numbers, it was learned Thursday. Just over 6 million people visited the Hollywood theme park in Konohana Ward between April and December last year, 2.9 million fewer than over the same period the previous year.

Read more from The Daily Yomiuri.

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Friday, February 7, 2003 5:19 AM
3 billion yen? What is that? About $19.95? In any event it is interesting seeing a government trying to keep an amusement park afloat while we had governments over hear trying to distance themselves from amusement parks.
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Friday, February 7, 2003 7:21 AM
That's about $25,000,000. It won't build them a Spiderman, but it should build them 3 pretty decent attractions. By the standards of most parks though, 6 million visitors in 9 months is quite a crowd. Whether it's enough of a crowd all depends on your finances.
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Friday, February 7, 2003 10:39 AM
This is Japan we are talking about. The timing of Universal building a park in Japan couldn't have been worse, as the economy is the worst ever. Of course, the planning was already running when the economy started taking a dive. Still, it is interesting that the government is trying so hard. They have also offered 0% loans to potential home-buyers... Man, I wish I lived there right now, but my retirement is still a ways away. I just hope they can dig themselves out of their hole.

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