HONG KONG -- 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.
The park, a joint venture between Walt Disney and the Hong Kong government, will get three new theme areas, as well as 30 new attractions.
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