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Shanghai Signs Deal for $3.6B Disney Park

Deal marks one of China's biggest-ever foreign investments

By Rob Quinn,  Newser Staff

Posted Nov 5, 2010 4:13 AM CDT

(Newser) – Disney has moved a step closer to bringing the Magic Kingdom to Shanghai, which just closed the doors on a record-breaking world expo. The company and a firm backed by the city government have signed a $3.6 billion deal to build the theme park, a year to the day after the Chinese government green-lighted the project, AP reports. Residents have already been moved—some of them forcibly—from farmland where Disney plans to build the park, its fourth outside the US.

TV journalists broadcast from the future site of Shanghai Disney in the Pudong district east of the city.
TV journalists broadcast from the future site of Shanghai Disney in the Pudong district east of the city.   (AP Photo/Andy Wong)
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COMMENTS
Showing 1 of 1 comment
finkster
Nov 5, 2010 5:25 AM CDT
Oh great Disney...maybe you can have the displaced farmers work for you? I'm sure they'll work for food.
 

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