Disney Project Begins In Shanghai
The Walt Disney Co., along with its Chinese partner the Shanghai Shendi Group, broke ground on Shanghai Disney Resort on Friday, a deal worth $4.4 billion that is one of the largest foreign investments ever made in China. Disney had been negotiating with the Chinese government for 10 years before getting approval on the resort. Given the speed with which Chinese construction goes, it won’t take 10 years to finish. Projected opening date is 2015: I’m guessing sooner.
