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The Disneyland Report > Disney News > Oriental Land Company to Invest 140 Billion Yen in Tokyo Disney Theme Parks Disney NewsOriental Land Company to Invest 140 Billion Yen in Tokyo Disney Theme ParksKathleen Chu Sept. 15 (Bloomberg) -- Oriental Land Co., operator of two Disney theme parks near Tokyo, plans to invest a total of 140 billion yen ($1.28 billion) as the company aims to attract more visitors to its theme parks. Oriental Land will spend 90 billion yen by 2008 to improve and add attractions at its Disney theme park complex. The company may also invest 50 billion yen over three years to build hotels and theaters within the resort facility. ``We plan to make Tokyo Disney Resort more attractive,'' said Kazuo Kato, Oriental Land senior managing director. ``To increase the capacity of Tokyo Disney theme parks is our most important business strategy.'' Oriental Land may sell bonds to pay for part of the expansion, Kato said. ... The company said 25.5 million people visited the Disneyland and DisneySea theme parks last year and the number may rise in the year that ends March 31, 2005. To read the complete article, click here. Return to Disney News. |
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