Hong Kong Disneyland confirms government deal, announces expansion

Posted | Contributed by Jeff

Hong Kong on Tuesday said the Walt Disney Co. will invest $452 million to expand its Hong Kong theme park, seen as necessary to bolster the park's long-term prospects against a planned rival park in Shanghai. The expansion, which will cost about HK$3.6 billion, will include 30 new attractions and three new theme areas, and will see the total area of Hong Kong Disneyland increase by 23 percent over five years.

Read more from Reuters.

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