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  • #21
    Re: Shanghai Disney Theme Park to be announced this week

    I'm not too sure about Disneyland Paris, but all sources I've read indicate that Tokyo DisneySea cost $3.3-$3.4 billion on its own (confirmed in one of the documentaries about the park released shortly after opening). All the information I've read states that the MiraCosta's own cost was seperate from the park and may have been as high as $1.1 billion. Adjusted for inflation, I can certainly see the $4.9 billion figure RandySavage posted. Apparentely, their official press release was a bit hesitant in publishing the true cost of the park. Those close to the people who worked on the project have leaked that they admitted to going over the original budget, which makes it hard to actually determine the true and total cost of the park.
    Arabian Coast at nighttime ~

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    • #22
      Re: Shanghai Disney Theme Park to be announced this week

      Originally posted by tasman View Post
      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 financial summaries of the HK Legislative Counsel succinctly and accurately state the costs of DLP and the original TDLhttp://www.legco.gov.hk/yr08-09/english/sec/library/0809fs30-e.pdf)

      "At first, the project [DLP] cost was estimated to be about US$1 billion. When the theme park was completed, cost escalated to $5 billion due to a number of design and construction changes. Between 1992 and 1994, a combination of reasons led to financial difficulty at Euro Disney: the $4 billion debt posed a huge financial burden on the park, interest rates were double the original estimates, tourist spending was lower because of recession in Europe, half of the revenue projected to come from real estate development did not materialize as a result of the collapse of the property market in France, a strong franc which made it expensive for visitors, and low attendance which fell below the expected annual 10 million for the period."

      According to the 2000 Legislative Counsel financials (http://www.legco.gov.hk/yr99-00/engl...ry/990in02.pdf), Tokyo Disneyland originally cost $1.4bn and DisneySea was projected to cost $3bn. Wikipedia (don't put much stock in it) says DisneySea ballooned to over $4bn.

      Under these financials the cost of HKDL (excluding reclamation, but including hotels, roads, etc.) was $1.8bn:
      http://www.legco.gov.hk/yr08-09/engl...0809fs28-e.pdf

      *****

      Now that we have as official numbers as can be found, the idea is to see what kind of theme park that amount will buy you in today's dollars (granted there are many factors such as labor cost which do not make this a perfect science).

      Tokyo Disneyland: $1.4bn (1983) --> $3.0bn (2009)

      Euro Disneyland Resort: $5.0bn (1992) --> $7.6bn (2009)

      Hong Kong Disneyland Resort: $1.8bn (1999) --> $2.3bn (2009)

      DisneySea (inc Miracosta): $3.5bn (2001) --> $4.3bn (2009)

      So, if $3.6bn (2009) is being injected into the Shanghai Disney Resort, you can expect something more significant than HKDL Resort, but not at the level of DisneSea/MiraCosta.


      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.
      Last edited by RandySavage; 10-29-2009, 10:46 PM.

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      • #23
        Re: Shanghai Disney Theme Park to be announced this week

        That's a huge figure for the original EuroDisneyland Resort. Not including the 7 hotels, I wonder just how much the individual park cost to build.
        Arabian Coast at nighttime ~

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        • #24
          Re: Shanghai Disney Theme Park to be announced this week

          There have been books written on the Eurodisney fiasco ("Once Upon an American Dream", "Disney War" which puts the total at $4bn 1992 dollars)... among the reasons for the soaring costs:

          1. Eisner and Tony Baxter agreed that in competing with the great art & architecture of Europe, DLP would have to be an ambitiously upscale version Disneyland (e.g., rather than the stateside fiberglass mock-up, DLP's castle would be a spectacular fantasy invention, made of pink stone and gold leaf, with handcrafted stain-glass windows and fire-breathing dragon in the dungeon). WDI was encouraged to think freely and without regard to cost.

          2. Eisner wouldn't budge on the opening date, and contentious french labor unions used this fact to constantly stall and then negotiate premiums.

          3. Eisner was enamored with "starchitecture" and hired a number of premium firms to build the many hotels.

          4. Operating costs.

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          • #25
            Re: Shanghai Disney Theme Park to be announced this week

            Denial from the Shanghai gov't:

            Shanghai government denies rumors of Disney project approval - People's Daily Online

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            • #26
              Re: Shanghai Disney Theme Park to be announced this week

              Originally posted by Giraffe Lounge View Post
              The Municipal Gov of Shanghai can't announce it now because the announcement has to be made by Central Government of China, that is, officials at Beijing.

              and according to the news here. Announcement is expected to be made by Beijing first, then Shanghai later at a date before 15th November 2009.

              90% of the agreement between Shanghai and Disney are firm. They still have to sort out some minor differences. The deal would also include media rights for Disney in China.

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              • #27
                Re: Shanghai Disney Theme Park to be announced this week

                From Disney, seconds ago.
                http://disneyparks.disney.go.com/blo...roject-update/
                Last edited by yoyoflamingo; 11-03-2009, 03:50 PM.
                It's a Zip-A-Dee-Doo-Dah...Tip for Today!









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                • #28
                  Re: Shanghai Disney Theme Park to be announced this week

                  Yaaaaaaaaaaaaaayyyyyy!!!!!!!!!!!!!!!! Thank-you yoyoflamingo!!!!!!
                  -Tyler

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                  • #29
                    Re: Shanghai Disney Theme Park to be announced this week

                    Nice breaking news find.

                    This timeline from HKDLSource.com is an example of how things may develop:

                    August 1998 Hong Kong Disneyland announced
                    2 November 1999
                    Disney and The SAR Government form Hong Kong International Theme Parks Limited and announce initial plans
                    10 December 1999
                    Official signing of agreement between Hong Kong SAR Government and The Walt Disney Company.
                    Summer 2000 Land reclamation project for Hong Kong Disneyland site begins
                    November 2002
                    Plans for the two Hotels are unveiled
                    January 2003
                    Ground is broken on Phase I Construction
                    23 September 2004
                    Castle-topping ceremony
                    25 April 2005
                    Disney Resort Line Train (MTR) in unveiled
                    1 August 2005
                    MTR service begins
                    15 August 2005
                    Inspiration Lake opens to public
                    12 September 2005
                    Hong Kong Disneyland opens to the public

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                    • #30
                      Re: Shanghai Disney Theme Park to be announced this week

                      Ugh, why? Why not make HKDL a better park? As it is, more Australians travel to California rather than Hong Kong to visit Disneyland despite the difference in distance. I thought that that sort of tourism was the reason HKDL was built.
                      The Right Honorable Count Boogie Bonz of Random, at your service.

                      On Track for Weight Loss!

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                      • #31
                        Re: Shanghai Disney Theme Park to be announced this week

                        wooohoooo!! Finally

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                        • #32
                          Re: Shanghai Disney Theme Park to be announced this week

                          Originally posted by RandySavage View Post
                          Nice breaking news find.

                          This timeline from HKDLSource.com is an example of how things may develop:

                          August 1998 Hong Kong Disneyland announced
                          2 November 1999
                          Disney and The SAR Government form Hong Kong International Theme Parks Limited and announce initial plans
                          10 December 1999
                          Official signing of agreement between Hong Kong SAR Government and The Walt Disney Company.
                          Summer 2000 Land reclamation project for Hong Kong Disneyland site begins
                          November 2002
                          Plans for the two Hotels are unveiled
                          January 2003
                          Ground is broken on Phase I Construction
                          23 September 2004
                          Castle-topping ceremony
                          25 April 2005
                          Disney Resort Line Train (MTR) in unveiled
                          1 August 2005
                          MTR service begins
                          15 August 2005
                          Inspiration Lake opens to public
                          12 September 2005
                          Hong Kong Disneyland opens to the public
                          I really hope it doesn't take six to seven years before SDL is open for business. The land reclamation for HKDL took up a lot of time, didn't it? Hopefully, the land outside Shanghai is already in a such a state that they can begin construction on it immediately.

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                          • #33
                            Re: Shanghai Disney Theme Park to be announced this week

                            In the past 24 hours there have been some signs that the final agreement between Shanghai & TWDC may be near:

                            1. Shanghai Daily reports that the quickie buildings put up by site residents in order to pad their compensation will be razed by the end of this month:
                            Quickie buildings to be razed -- Shanghai Daily | ???? -- English Window to China New

                            2. Yesterday's Global Times article stated the "Shanghai municipal government will announce the development and construction plans soon."
                            Global Times - Dueling disneylands?

                            3. Disney is bringing Shanghai officials to Orlando, not to look at the parks (which would seem very preliminary) but to look at infrastructure systems like water control and fire fighting.
                            Orlando Sentinel - Disney to bring delegation from China to Orlando as design of Shanghai Disneyland continues on Tourism Central Florida

                            I'm hoping December will be the month... and detailed artwork, land/ride descriptions and concept maps would be a welcome Christmas present...

                            Comment


                            • #34
                              Re: Shanghai Disney Theme Park to be announced this week

                              Originally posted by RandySavage View Post
                              Nice breaking news find.

                              This timeline from HKDLSource.com is an example of how things may develop:

                              August 1998 Hong Kong Disneyland announced
                              2 November 1999
                              Disney and The SAR Government form Hong Kong International Theme Parks Limited and announce initial plans
                              10 December 1999
                              Official signing of agreement between Hong Kong SAR Government and The Walt Disney Company.
                              Summer 2000 Land reclamation project for Hong Kong Disneyland site begins
                              November 2002
                              Plans for the two Hotels are unveiled
                              January 2003
                              Ground is broken on Phase I Construction
                              23 September 2004
                              Castle-topping ceremony
                              25 April 2005
                              Disney Resort Line Train (MTR) in unveiled
                              1 August 2005
                              MTR service begins
                              15 August 2005
                              Inspiration Lake opens to public
                              12 September 2005
                              Hong Kong Disneyland opens to the public
                              Originally posted by Kuhio View Post
                              I really hope it doesn't take six to seven years before SDL is open for business. The land reclamation for HKDL took up a lot of time, didn't it? Hopefully, the land outside Shanghai is already in a such a state that they can begin construction on it immediately.
                              Heck, I just hope we don't have to wait another year before we know what's going to be included in the park! The anticipation would kill me...

                              Comment

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