Thursday, October 2, 2008

HKDL clears loans - makes room for expansions

CNBC is reporting that Hong Kong Disneyland (HKDL) has cleared their commercial loans of about $425 million, thanks to some help from the Walt Disney company. HKDL is a joint venture between Disney and the Chinese government, which handled most of the construction costs (estimated at $3.5 billion).

According to a spokesperson, this means HKDL can now focus on expanding the park, which currently only has four lands (Main Street, Adventureland, Fantasyland and Tomorrowland).

I guess this is good news for them. HKDL is a pretty small park, so whatever they can do to expand should help out.

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