The long-rumored Shanghai Disneyland project may have finally been approved, and construction is slated to begin NOVEMBER 2010. Here's the news, from Trading Markets:
The Disney project in Shanghai is said to be started after the ending of the 2010 Shanghai Expo in November, people close to the matter disclosed.
By far, phase I land has been delivered, and the preparation work of the bid inviting and the negotiations between the Chinese and US parties have been close to the end. As a response, the Disney concept stocks, such as Zhonglu Co., Ltd. (SHSE: 600818), Shanghai International Airport Co., Ltd. (SHSE: 600009), Shanghai CIMIC Tile Co., Ltd. (SZSE: 002162), and Shanghai Jielong Industry Group Corporation Limited (SHSE: 600836) grew 9.98%, 7.06%, 6.30%, and 5.23% respectively, last Friday.
The Chinese and US parties will establish an investment holding company each, which will invest in the Disney project in name of the two parities, and will set up several joint ventures in accordance with different functions of construction and operation, in attempt to support the Disney project from construction to operation.
Source: www.cnstock.com (October 18, 2010)
Let's see how Disney will work out this project. I really hope that they won't copy Hong Kong Disneyland, as it has been for years one of the worst Magic Kingdoms, due to the lack of Pirates of the Caribbean, Splash Mountain, Big Thunder Mountain Railroad and more (now they're fixing some of these issues though).
Here's the proposed park location:
|Courtesy of Vincent's leisure|
What do you think?