Hong Kong Disneyland has warmly welcomed the
Legislative Council’s approval of the financial arrangement
relating to its expansion plans.
Three new themed areas will be added to Hong
Kong Disneyland bringing the total number of attractions,
entertainment, and interactive experiences at the resort to over
100 by 2014. These areas are Grizzly Trail, Mystic
Point and Toy Story Land.
Aliana Ho, Vice President, Sales and
Travel Trade Marketing said, “I believe the additional
number and variety of attractions will broaden the park’s appeal
to different market segments, especially young adults, and
lengthen their stay in Hong Kong. The three new themed areas will
also provide some unique venues for corporate events – there will
be nothing like it in Hong Kong.”
The new offerings are expected to open in phases over a five year
period. Work is expected to commence later this year,
spurring the local Hong Kong economy by creating more
than 3,700 jobs in Hong Kong from
2009 to 2014, including 850 expected within the first
year of construction.
After the completion of the
expansion, the project will continue to serve as a major
economic driver with Hong Kong Disneyland adding approximately 600 new
positions, and bringing the total number of Cast
Members to more than 5,500.
Two of the three new themed
areas, Grizzly Trail and Mystic Point, will be
exclusive to Hong Kong Disneyland for the first five years after their
The third, Toy Story Land, will
be exclusive within Asia for the first five years after
Ms Ho was quick to stress
that the park would not need to close, nor would there
be any disruption for visitors. “The construction of the new expansion
areas will have no negative impact upon our regular theme park
operations. These new areas will be created in largely unused
sections of the park, so we expect no disruptions during our
build-out,” Ms Ho said.
Under the approved plan and current
business projections, The Walt Disney Company will
contribute approximately HK$6.25 billion in new capital
and debt conversion and the Hong Kong Government will
convert a like amount in debt principal and interest.
The Hong Kong Government will retain the majority
ownership of 52% in the joint venture and The Walt
Disney Company will own the other 48%.
other recent news regarding: