Shanghai Disney Theme Park to be announced this week

[PennysBayChronicle]

According to the latest news from atchinese

2009/10/27, 週二
中國《證券時報》透露美國迪士尼，將在上海浦東新區川沙建造主題公園的計畫可望10月底前公告 。
報道27日指出上海迪士尼項目，10月中旬過關決策機構的審核，最快本周對外宣佈這項投資約244.8億元 人民幣(35.85億美元)的計畫。該項目座落在川沙A08-03地段，緊鄰地鐵和規劃中的奧林匹克公園。

Translation:

2009/10/27, Tuesday

China's "Securities Times" revealed that the Plan for building Disney Theme Park located at Chuansha in Shanghai's Pudong New Area is expected to be announced by the end of October.

according to a report dated 27 (today), the Shanghai Disneyland Project has been passed by decision-making body in mid-October, announcement for this investment of about 24.48 billion yuan (3.585 billion U.S. dollars) would be made public as early as this week. The project is located in the Chuansha A08-03 lots, close to subway and the planned Olympic Park.

[HKDLFAN]

Re: Shanghai Disney Theme Park to be announced this week

I still say no to SHDL.....5 resorts around the world is ENOUGH for at least a century. whatever in the world happened to "the once in al lifetime experience" that Disney parks always championed? Why not make a Disneyland Dubai while you're at it? Dubai seems like a much better place than Shanghai in terms of tourism. what a waste of money that could be used on better investments like HKDL! It needs more than a few rides! Why not a HK DisneySEA or something? more people would rather go to HK than Shanghai anytime so SUCH A WASTE OF $$$.

[Tyler1994]

Re: Shanghai Disney Theme Park to be announced this week

Finally.

[DATman]

Re: Shanghai Disney Theme Park to be announced this week

^^I don't see how multiple resorts destroys the "Once in a Lifetime" aspect of Disney parks. I would be willing to bet that a majority of the people who will visit SHDL have never been to a Disney park before, nor would they have been able to do so without that park being built. If more Disney parks means more people get to experience Disney magic, why is that such a bad thing?

[Dustysage]

Re: Shanghai Disney Theme Park to be announced this week

That is a lot of money (That's Tokyo Disney Sea type of budget). How much of it is being put up by the Chinese government?

[Giraffe Lounge]

Re: Shanghai Disney Theme Park to be announced this week

That is a lot of money (That's Tokyo Disney Sea type of budget). How much of it is being put up by the Chinese government?

But don't forget, much of that will go to infrastructure, and some more to hotels and area development, I think that's the resort budget, not the park budget.

EDIT: not to say that it won't be a gorgeous park if we get what the concept art suggests.

[Tyler1994]

Re: Shanghai Disney Theme Park to be announced this week

EDIT: not to say that it won't be a gorgeous park if we get what the concept art suggests.

Concept art?? Has there been any yet?

[Giraffe Lounge]

Re: Shanghai Disney Theme Park to be announced this week

Concept art?? Has there been any yet?

Nothing at all official, but if you check out this thread: http://micechat.com/forums/hong-kong...isneyland.html (post #19 has some interesting stuff) there has been some concept art released by Disney that many suspect will be for SHDL.

[OC2Epcot]

Re: Shanghai Disney Theme Park to be announced this week

I still say no to SHDL.....5 resorts around the world is ENOUGH for at least a century. whatever in the world happened to "the once in al lifetime experience" that Disney parks always championed? Why not make a Disneyland Dubai while you're at it? Dubai seems like a much better place than Shanghai in terms of tourism. what a waste of money that could be used on better investments like HKDL! It needs more than a few rides! Why not a HK DisneySEA or something? more people would rather go to HK than Shanghai anytime so SUCH A WASTE OF $$$.

I agree with preferring to see more money put into HKDL then building another park in Shanghai. My last trip to China I went to Shanghai, but I'd rather go to Hong Kong myself.

[Tyler1994]

Re: Shanghai Disney Theme Park to be announced this week

^^ Isn't money being put into HKDL already?? Three new lands.

But don't forget, much of that will go to infrastructure, and some more to hotels and area development, I think that's the resort budget, not the park budget.

EDIT: not to say that it won't be a gorgeous park if we get what the concept art suggests.

Right, I have seen those.. Thank-you.

[HKDLFAN]

Re: Shanghai Disney Theme Park to be announced this week

Money has been put into HKDL but I'm just saying HKDL is a better investment than SHDL.

[RandySavage]

Re: Shanghai Disney Theme Park to be announced this week

investment of about 3.585 billion U.S. dollars

This budget is not as big as I had hoped. At most 65% of this budget will go to the park itself: $2.3b.

To put this number in perspective, Eurodisneyland Resort (including hotels/infrastructure) was projected to cost $3.6b (all amounts in 2008 dollars), but over-runs sent that soaring to $6.7b.

The DisneySea park alone is rumored to have cost as much as $4.9b.

Dinky HKDL park (excluding reclamation/hotels) cost $1.97b.

Will Rasulo repeat the mistakes of Pressler? Will the Shanghai government follow the same path as HK and underbuild? This budget is worrying.

[Giraffe Lounge]

Re: Shanghai Disney Theme Park to be announced this week

Forbes.com Mobile Edition

Some more chatter

[Asa]

Re: Shanghai Disney Theme Park to be announced this week

It is always going to be announced this week...

[tasman]

Re: Shanghai Disney Theme Park to be announced this week

It is always going to be announced this week...

Yup the HKDL forum is getting flooded with one Shanghai rumor after another. Why not have a single thread for all Shanghai rumors rather than this clutter? The announcement could be tomorrow or could be a year or two away, for all we know.

[tasman]

Re: Shanghai Disney Theme Park to be announced this week

This budget is not as big as I had hoped. At most 65% of this budget will go to the park itself: $2.3b.

To put this number in perspective, Eurodisneyland Resort (including hotels/infrastructure) was projected to cost $3.6b (all amounts in 2008 dollars), but over-runs sent that soaring to $6.7b.

The DisneySea park alone is rumored to have cost as much as $4.9b.

Dinky HKDL park (excluding reclamation/hotels) cost $1.97b.

Will Rasulo repeat the mistakes of Pressler? Will the Shanghai government follow the same path as HK and underbuild? This budget is worrying.

For one thing, labor costs in mainland China are far lower. Plus, where are you getting those numbers you quoted for the other parks - they seem much higher than what I've read before, especially for HKDL.

[stitchrulz]

Re: Shanghai Disney Theme Park to be announced this week

My last trip to China I went to Shanghai, but I'd rather go to Hong Kong myself.

But apparently, the Chinese outside of Hong Kong would rather go to Shanghai. I asked a friend of mine who lives in Nanjing, China.

I may be slightly confused, but I think that Cantonese Chinese is spoken in Hong Kong, but in Shanghai, Wu Chinese and Mandarin Chinese are more common. Mandarin Chinese is the most spoken language in the world, but there are not many differences between the dialects anyway. Mandarin is my foreign language for high school.
So, it might be easier for the majority of Chinese to communicate in Shanghai, rather than Hong Kong, but the dialects are not too different.

But anyways, I'm hoping that this will be a new take on the Magic Kingdom style park, and I'm super excited!

[RandySavage]

Re: Shanghai Disney Theme Park to be announced this week

Plus, where are you getting those numbers you quoted for the other parks - they seem much higher than what I've read before, especially for HKDL.

I've adjusted all historic dollar amounts for inflation so they can be meaningfully measured against dollar amounts given today for SDL. (i.e., it cost $1.8b in 2005 dollars to build HKDL, equivalent to $1.97 in 2008 dollars. Hong Kong Disneyland Tops Out Centerpiece Structure - Site Selection Online)

To your point, however, this second source says the $1.8b for HKDL also includes "hotel and facilities") in addition to the park (Hong Kong Lands $3.55 Billion Disney Park - Site Selection Online Insider), which would bode better for SDL.

That said, even with the money lavished on DisneySea and Disneyland Paris, both of those incredibly beautiful parks opened and were criticized for not having enough to do (i.e., rides) - not on the level of HKDL, but both required major capital injections soon after opening. With "small park, little to do" on the forefront of the Chinese mind when it comes to Disney, you'd hope WDP&R would be wise enough to build a new park in China with a glut, rather than dearth, of attractions.

$2.0-2.3b for a new park doesn't tell me that they've learned this lesson.

[OC2Epcot]

Re: Shanghai Disney Theme Park to be announced this week

But apparently, the Chinese outside of Hong Kong would rather go to Shanghai. I asked a friend of mine who lives in Nanjing, China.

I may be slightly confused, but I think that Cantonese Chinese is spoken in Hong Kong, but in Shanghai, Wu Chinese and Mandarin Chinese are more common. Mandarin Chinese is the most spoken language in the world, but there are not many differences between the dialects anyway. Mandarin is my foreign language for high school.

So, it might be easier for the majority of Chinese to communicate in Shanghai, rather than Hong Kong, but the dialects are not too different.

But anyways, I'm hoping that this will be a new take on the Magic Kingdom style park, and I'm super excited!

I believe you are right about the languages. Though many CM's at HKDL speak both Cantonese and Mandarin, if I'm not mistaken. My wife's family lives near Shanghai, and for Mainland residents, a park in Shanghai is much easier to get to then going to Hong Kong. The park is certainly targeting those who don't want to travel across China. For my own travels, Shanghai would probably be an easier park to visit because I wouldn't have to make time to stay in Hong Kong. I could go to SDL and still be near family.

[tasman]

Re: Shanghai Disney Theme Park to be announced this week

I'll try to find exact numbers for you but from what I had read in the past cost of HKDL park itself - not including the landfill, hotels, etc - was much less than 1 billion USD, Those figures make more sense to me in terms of what got built.

As far as I know, TDS was built for just over 3 billion USD including 900 million USD for Hotel Mira Costa. Of course it was a second gate at a well established resort and so did not have many of the peripheral costs that went along with construction of DLP and HKDL parks.

The cost of the Paris park as far as I know was also in the 3 billion USD range, though that likely excludes the hotels and other resort elements - the hotels being the main reason why the resort as a whole lost money in the early years.

As for the notion that either TDS or DLP did not have enough attractions at opening...I think that idea is / was devoid of any merit.

I've adjusted all historic dollar amounts for inflation so they can be meaningfully measured against dollar amounts given today for SDL. (i.e., it cost $1.8b in 2005 dollars to build HKDL, equivalent to $1.97 in 2008 dollars. Hong Kong Disneyland Tops Out Centerpiece Structure - Site Selection Online)

To your point, however, this second source says the $1.8b for HKDL also includes "hotel and facilities") in addition to the park (Hong Kong Lands $3.55 Billion Disney Park - Site Selection Online Insider), which would bode better for SDL.

That said, even with the money lavished on DisneySea and Disneyland Paris, both of those incredibly beautiful parks opened and were criticized for not having enough to do (i.e., rides) - not on the level of HKDL, but both required major capital injections soon after opening. With "small park, little to do" on the forefront of the Chinese mind when it comes to Disney, you'd hope WDP&R would be wise enough to build a new park in China with a glut, rather than dearth, of attractions.

$2.0-2.3b for a new park doesn't tell me that they've learned this lesson.