Shanghai Disneyland Resort
Encyclopedia
The Shanghai Disney Resort is a new upcoming theme park resort built by Walt Disney Parks and Resorts
. The resort is scheduled to open in 2016. Phase 1 of the resort's development will feature a Magic Kingdom
style park, Shanghai Disneyland Park
, an entertainment district, 2 themed hotels, recreational facilities, a lake and associated parking and transportation hubs. Additional phases will see the development of 2 additional theme parks at the resort. The site will cover 963 acres in Pudong
, Shanghai
, or approximately 3 times the size of the Hong Kong Disneyland Resort
, at a cost of 24.5 billion yuan (US$3.7 billion) for the new theme park and an additional 4.5 billion yuan (US$0.7 billion) to build other aspects of the resort. 43% of the resort will be owned by The Walt Disney Company
and the remaining 57% will be owned by the Shanghai Shendi Group. Project Application Report for the resort was approved by the Chinese government
on November 4, 2009.
state-owned enterprises in Shanghai forming a joint venture
with the Walt Disney Company. The Oriental Land Company has not confirmed any connection to this venture with Disney on the Shanghai Disneyland project. "The first-phase of the project will be to the South of Huanglou Area, an area in Chuansha Town, the southeast suburbs of Shanghai's Pudong area; the second phase will extend further southwest," an urban developer from Shanghai stated.
s. It will contain numerous themed lands. One of the aims of this project is to combine Disney stories and their characters with attractions that are specifically designed for Chinese guests. An interactive castle will be constructed at the centre of the park that will offer performances. Other large-scale venues will also be created. The park will also have two themed hotels, a lake, and large venues for retail shopping, dining and entertainment.
Walt Disney Parks and Resorts
Walt Disney Parks and Resorts is the segment of The Walt Disney Company that conceives, builds, and manages the company's theme parks and holiday resorts, as well as a variety of additional family-oriented leisure enterprises...
. The resort is scheduled to open in 2016. Phase 1 of the resort's development will feature a Magic Kingdom
Magic Kingdom
Magic Kingdom Park is one of four theme parks at the Walt Disney World Resort located near Orlando, Florida. The first park built at the resort, Magic Kingdom opened Oct. 1, 1971. Designed and built by WED Enterprises, the park's layout and attractions are similar to Disneyland in Anaheim, California...
style park, Shanghai Disneyland Park
Shanghai Disneyland Park
Shanghai Disneyland is an upcoming theme park which is to be built as part of the Shanghai Disney Resort. It is expected to open in 2016 and will be owned and operated through a joint venture between The Walt Disney Company and the Shanghai Shendi Group...
, an entertainment district, 2 themed hotels, recreational facilities, a lake and associated parking and transportation hubs. Additional phases will see the development of 2 additional theme parks at the resort. The site will cover 963 acres in Pudong
Pudong
Pudong |Bank]]") is an area of Shanghai, China, located along the east side of the Huangpu River, across from the historic city center of Shanghai in Puxi. Formerly a little-developed agricultural area linked only by ferries, Pudong has grown rapidly since the 1990s and emerged as China's financial...
, Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
, or approximately 3 times the size of the Hong Kong Disneyland Resort
Hong Kong Disneyland Resort
The Hong Kong Disneyland Resort is a resort built by the Government of Hong Kong and The Walt Disney Company in Hong Kong on reclaimed land beside Penny's Bay, at the northeastern tip of Lantau Island, approximately two kilometres from Discovery Bay...
, at a cost of 24.5 billion yuan (US$3.7 billion) for the new theme park and an additional 4.5 billion yuan (US$0.7 billion) to build other aspects of the resort. 43% of the resort will be owned by The Walt Disney Company
The Walt Disney Company
The Walt Disney Company is the largest media conglomerate in the world in terms of revenue. Founded on October 16, 1923, by Walt and Roy Disney as the Disney Brothers Cartoon Studio, Walt Disney Productions established itself as a leader in the American animation industry before diversifying into...
and the remaining 57% will be owned by the Shanghai Shendi Group. Project Application Report for the resort was approved by the Chinese government
Government of the People's Republic of China
All power within the government of the People's Republic of China is divided among three bodies: the People's Republic of China, State Council, and the People's Liberation Army . This article is concerned with the formal structure of the state, its departments and their responsibilities...
on November 4, 2009.
History
- In 2005, it was rumored that the construction of a park known as "Shanghai Disneyland" would begin in 2008, and be completed in 2012. This was originally denied by Hong Kong International Theme ParksHong Kong International Theme ParksHong Kong International Theme Parks Ltd. is an incorporated company jointly owned by The Walt Disney Company and the Government of Hong Kong), founded in 1999. It owns and operates the Hong Kong Disneyland Resort, on Lantau Island, Hong Kong....
President Bill ErnestBill ErnestBill Ernest is the President and Managing Director, Asia, for Walt Disney Parks & Resorts. He assumed this new role in April 2008. Ernest was formally the Executive Vice President and Managing Director of Hong Kong Disneyland Resort. Ernest was named to the position in January 2006, replacing...
.
- On December 5, 2007, the assessment agency reported that construction of "Shanghai Disneyland" would start after the Expo 2010 Shanghai China, with an investment amounting to 40 billion yuan.
- On March 7, 2008, Ming PaoMing PaoMing Pao is a Chinese language newspaper published by Ming Pao Group in Hong Kong. In the 1990s, Ming Pao established four overseas branches in North America, each provides independent reporting on local news and collect local advertisements. Currently, only the two Canadian editions remain: Ming...
Daily News reported that Disney's first choice for construction was in PudongPudongPudong |Bank]]") is an area of Shanghai, China, located along the east side of the Huangpu River, across from the historic city center of Shanghai in Puxi. Formerly a little-developed agricultural area linked only by ferries, Pudong has grown rapidly since the 1990s and emerged as China's financial...
, Shanghai.
- November 1, 2009: While attending the 21st session of the International Business Leaders Advisory Council, Han ZhengHan ZhengHan Zheng is the current mayor of Shanghai, the 13th to serve in the position since the founding of the People's Republic of China...
, Mayor of Shanghai said, in response to the media's questions: "Shanghai Municipal Government will, in the near future, convene a special press conference to release the latest [information] and to answer your questions.” Some people say that the "Shanghai Disneyland" project was approved in October 2009, but due to the low-key style of the Shanghai Municipal Government, and the need to fine-tune details between the two sides, as well as the need to change the 4 regulations, so subject to 100% to determine the rear will be publicly announced.
- At 8:30 on November 4, 2009, an announcement, authorized by the ShanghaiShanghaiShanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
Municipal Government Press Office, was made: "Shanghai Disneyland project application report has been approved by the relevant state departments. Estimated total investment of 24.4 billion renminbiRenminbiThe Renminbi is the official currency of the People's Republic of China . Renminbi is legal tender in mainland China, but not in Hong Kong or Macau. It is issued by the People's Bank of China, the monetary authority of the PRC...
." Land near the proposed production site increased in value dramatically after the announcement was made.
- January 18, 2011 A mainland government official today has confirmed that Shanghai Disneyland which is scheduled now to open in 2015 will be 2-3 times the size of Hong Kong Disneyland and will eventually contain three theme parks. Speculation is that these three theme parks will include parks based on Magic Kingdom, Epcot and Animal Kingdom.
- April 7, 2011 Groundbreaking begins at the Shanghai Disneyland Resort site.
Construction
The construction has already begun, and construction on a major road has begun in order to transport materials for the rest of the park. Major construction work is planned to start as early as May 2011, targeting a 2016 opening. The resort is planned to cover an area of 4 km2.(988 acres) It is expected to cost 25 billion RMB ($3.66 billion USD). The project will be financed by several large ChineseEconomy of the People's Republic of China
The People's Republic of China ranks since 2010 as the world's second largest economy after the United States. It has been the world's fastest-growing major economy, with consistent growth rates of around 10% over the past 30 years. China is also the largest exporter and second largest importer of...
state-owned enterprises in Shanghai forming a joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
with the Walt Disney Company. The Oriental Land Company has not confirmed any connection to this venture with Disney on the Shanghai Disneyland project. "The first-phase of the project will be to the South of Huanglou Area, an area in Chuansha Town, the southeast suburbs of Shanghai's Pudong area; the second phase will extend further southwest," an urban developer from Shanghai stated.
Attractions and features
The park will be built with in a style similar to other Magic KingdomMagic Kingdom
Magic Kingdom Park is one of four theme parks at the Walt Disney World Resort located near Orlando, Florida. The first park built at the resort, Magic Kingdom opened Oct. 1, 1971. Designed and built by WED Enterprises, the park's layout and attractions are similar to Disneyland in Anaheim, California...
s. It will contain numerous themed lands. One of the aims of this project is to combine Disney stories and their characters with attractions that are specifically designed for Chinese guests. An interactive castle will be constructed at the centre of the park that will offer performances. Other large-scale venues will also be created. The park will also have two themed hotels, a lake, and large venues for retail shopping, dining and entertainment.