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July 1, 2009

$465M expansion in Disney Hong Kong

HONG KONG (AP) — The Walt Disney Co. and Hong Kong's government have reached a deal to expand the territory's Disneyland theme park at a cost of about $465 million, officials announced Tuesday.

The deal, in the works over the last two years, is part of an effort to boost the fortunes of the theme park after it failed to attract as many visitors as hoped after its opening in 2005.


 
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