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| | #1 | |
| Watch Your Language ![]() Join Date: Sep 2005 Location: Planet D23
Posts: 1,775
![]() | Multi Billion 5-year expansion plan Quote:
According to Huaxia News Walt Disney Company and Hong Kong Government have been negotiating for a multi billion dollar 5-year expansion plan. The New Secretary for Commerce and Economic Development has already revealed that there is a possibility for Hong Kong Government to inject further capital into HKDL for expansion. | |
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| | #2 |
| Hola Yola! Join Date: Jun 2007 Location: Melbourne, Australia
Posts: 251
![]() | Re: Multi Billion 5-year expansion plan Well, this sounds like a very positive development. It was beginning to seem like any future expansion would be forever bogged down by politics. |
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| | #3 |
| Watch Your Language ![]() Join Date: Sep 2005 Location: Planet D23
Posts: 1,775
![]() | Re: Multi Billion 5-year expansion plan according to the news, more large scale attractions would be seen at HKDL in the future..... we'll see if this is true or not..... |
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| | #4 |
| Member Join Date: Sep 2006 Location: Hong Kong
Posts: 291
![]() | Re: Multi Billion 5-year expansion plan I still think HKDL should sever its links from the government and be bought up by a private investor. The HK govt is simply not able to react to market changes as swiftly as a normal business. Anyway it is good to know that Disney is planning to invest in it. It is certainly welcome news. |
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| | #5 |
| Hola Yola! Join Date: Jun 2007 Location: Melbourne, Australia
Posts: 251
![]() | Re: Multi Billion 5-year expansion plan If they could somehow buy out the HK government it would be the best possible move they could make for the resort's future. As it is now, the issue of expanding HKDL is debated by politicians and its performance often seems to become a political issue. Disney shouldn't have to be worrying about these things when it comes to figuring out what's best for the resort's future. |
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| | #6 |
| Member Join Date: Dec 2006 Location: Hong Kong
Posts: 186
![]() | Re: Multi Billion 5-year expansion plan I say its about time and hope this news is true. If they are smart they should be building 2-3 E-ticket attractions simultaneously. Not just 1 every 2 years. Give the fierce competition that Macau is dragging some of its tourist business over there. If Macau gets its act together an really transport Las Vegas over there then, HK Disney is gonna have huge competition. |
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| | #7 |
| Minion ![]() ![]() Join Date: Jan 2005 Location: Morva in the Land of Prydain
Posts: 2,538
![]() | Re: Multi Billion 5-year expansion plan ORDDU: Now this is the kind of news a witch likes to hear! |
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| | #8 |
| Stop That! Join Date: May 2005 Location: Remaining Seated
Posts: 956
![]() | Re: Multi Billion 5-year expansion plan Sound like they're getting more (faster!) than DCA! |
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| | #9 |
| Vegetarian Disneylander ![]() ![]() Join Date: Nov 2005 Location: Sydney, Australia ... where there is no Magic Kingdom :(
Posts: 2,297
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| | #10 | |
| Watch Your Language ![]() Join Date: Sep 2005 Location: Planet D23
Posts: 1,775
![]() | Re: Multi Billion 5-year expansion plan Mr. Ma, Secretary of Commerce and Economic Development have mentioned "we don't rule out the possibility of injecting further capital into HKDL...." several times on different occasions. He is sending out a message.. and according to Takungpao News(dated 16th Sept 2007).. Quote:
Mr. Ma said he just can't reveal further commercial sensitive details due to the confidentiality clause of the agreement they made with The Walt Disney Company. But when asked if they would speed up phase 2 expansion (2nd gate) , Mr. Ma said they have to study it further. He reiterated that "we don't rule out the possibility of injecting further capital into HKDL....". Mr. Ma emphasized that other Disney Parks expanded slowly and gradually. Last edited by HongKongDisneyland; 09-15-2007 at 10:46 AM. | |
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| | #11 |
| Hola Yola! Join Date: Jun 2007 Location: Melbourne, Australia
Posts: 251
![]() | Re: Multi Billion 5-year expansion plan I'm sure back in Burbank they're shaking their heads at the original deal and the long, frustrating and politically-charged road to turning this park into a success. How many more years can they go without a major new attraction before the park completely loses its initial momentum? |
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| | #12 | |
| Member Join Date: Dec 2006 Location: Hong Kong
Posts: 186
![]() | Re: Multi Billion 5-year expansion plan Quote:
The official commie view is to excute it "slowly and gradually:" The policy falls in line with the development Hong Kong Disneyland and the pace of democracy in Hong Kong. Last edited by mclubber; 09-16-2007 at 04:57 AM. | |
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| | #13 | |
| Watch Your Language ![]() Join Date: Sep 2005 Location: Planet D23
Posts: 1,775
![]() | Re: Multi Billion 5-year expansion plan Quote:
He said the policy is different now since he took office as the new secretary for Commerce and Economic Development. I expect a similar deal as HKOP would be struck between HK Government and The Walt Disney Company. They will expand HKDL gradually in the next 5 or 6 years. HK Government as the major shareholder of HKDL will probably inform their partner, The Walt Disney Company, what mid-term and long term development plans are in the pipeline, e.g. Hong Kong-Zhuhai-Macau Mega Bridge, Tuen Mun Western bypass, Tuen Mun and Chek Lap Kok Link etc...All those infrastructure have positive impact on tourism in Hong Kong. Last edited by HongKongDisneyland; 09-16-2007 at 05:09 AM. | |
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| | #14 |
| Member Join Date: Dec 2006 Location: Hong Kong
Posts: 186
![]() | Re: Multi Billion 5-year expansion plan |
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| | #15 |
| Senior Member ![]() ![]() ![]() ![]() ![]() Join Date: Jan 2005
Posts: 25,519
![]() | Re: Multi Billion 5-year expansion plan So is the latest that they're cheaping out on expansion plans? Can we merge the two threads? |
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