Looks like it could be a go?
Source: MagicalMountain.netShanghai, China appears to be Disney's next stomping grounds for the theme park business. The long rumored Disneyland theme park deal is said to be weeks away from being officially announced.
The deal is two decades in the making, and while Disney spokeswoman in Hong Kong, Alannah Hall-Smith, says that there is "no deal, no announcement", there are some Shanghai officials that say they are just waiting on a final approval from leaders in Beijing.
This is the perfect economic climate to introduce such a large scale project, which will give a boost to both parties involved.
Having a theme park in Shanghai will also equate to Disney media in Shanghai. China limits foreign films brought into the country, so television is the way to go for Disney to gain maximum exposure. They could possibly get a channel there, which would work out to more Disneyland visitors as well as merchandise sales.
The new park will most likely be located near the Pudong International Airport.
Locals seem excited for the new development, but are wondering if the plans will ever come to fruition. Qigan's 52-year-old chief, Kang, said, "We sincerely hope and welcome Disney to come to our village. If Disney won't come, just let us know. But just don't keep us suspended for so long again."