Expats Living in Shanghai
Home >Expats Living in ShanghaiShanghai''s Disney theme park. April 8 groundbreaking.
Update:2013-12-10 00:56 Views:
Walt Disney Co. (DIS) and its partner in a proposed theme park in Shanghai scheduled an April 8 groundbreaking for the project, according to people with knowledge of the plans. Disney scheduled an event, with government-owned partner Shanghai Shendi Group Co., in an e-mail today, without elaborating.
Construction begins that day, said the people, who weren't authorized to speak publicly.
The start of construction marks a milestone in a five-year process involving negotiations with city and central government officials.
Chief Executive Officer Robert Iger and Parks & Resorts Chairman Thomas Staggs will attend, said one of the people.
The park's size, investment commitments and final approval from Beijing's central government will be announced as well, the people said.
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