Post by drwadadli on Feb 17, 2020 18:10:53 GMT
According to French newspaper Le Parisien, the deadline for Disneyland Paris to build a third theme park has been extended by 10 years to 2036.
The French government originally granted consent for Disneyland Paris to be developed on the condition that Disney would buy sections of land in stages once previous sections had been developed. On February 7, the departmental council adopted the ninth amendment to the agreement, the first since September 2010. It states that the possibility of deciding to build a third park is extended until 2036 instead of 2026. The recent amendment to the agreement gives Disney more time to consider building a third theme park after significant investment to improve and expand the Walt Disney Studios Park.
The addendum, which has not yet been signed by all the parties but will be, specifies that this 2036 deadline may again be the subject of an addendum "until the date on which a threshold of "at least 22 million annual visitors will have been reached by the two existing parks, it being understood that in such a case, the realization of this third major attraction must be provided for in a detailed program signed no later than March 23, 2040". Today, the average annual attendance is 15 million visitors .
As you might know, Disney announced a 2 Billion Euro expansion to the Walt Disney Studios Park back in early 2018, adding new lands based on Marvel, Star Wars, and the Frozen franchises.
The expansion plan is one of the most ambitious development projects at Disneyland Paris since its opening in 1992 and underscores the Company’s commitment to the long-term success of the resort as Disney’s brand beacon in Europe.
The French government originally granted consent for Disneyland Paris to be developed on the condition that Disney would buy sections of land in stages once previous sections had been developed. On February 7, the departmental council adopted the ninth amendment to the agreement, the first since September 2010. It states that the possibility of deciding to build a third park is extended until 2036 instead of 2026. The recent amendment to the agreement gives Disney more time to consider building a third theme park after significant investment to improve and expand the Walt Disney Studios Park.
The addendum, which has not yet been signed by all the parties but will be, specifies that this 2036 deadline may again be the subject of an addendum "until the date on which a threshold of "at least 22 million annual visitors will have been reached by the two existing parks, it being understood that in such a case, the realization of this third major attraction must be provided for in a detailed program signed no later than March 23, 2040". Today, the average annual attendance is 15 million visitors .
As you might know, Disney announced a 2 Billion Euro expansion to the Walt Disney Studios Park back in early 2018, adding new lands based on Marvel, Star Wars, and the Frozen franchises.
The expansion plan is one of the most ambitious development projects at Disneyland Paris since its opening in 1992 and underscores the Company’s commitment to the long-term success of the resort as Disney’s brand beacon in Europe.