Walt Disney Co. to boost Hong Kong park with $465 million massive expansion plan
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HONG KONG — The Walt Disney Co. and Hong Kong have reached a deal to expand the territory’s Disneyland at a cost of about $465 million in hopes of boosting the theme park’s fortunes, officials announced Tuesday. The deal will see the American entertainment giant invest new capital — some 3.5 billion Hong Kong dollars ($450 million) — to pay construction and operation costs during the building phases.
