Hong Kong Government not keen to fun HKDL further

[Loomis]

Several reports out this week indicate that the Hong Kong SAR Government is not that excited about further funding the failing franchise. However, this may not quite spell the end of Hong Kong expansion as we know it - quite the opposite in fact.

http://news.hkdlsource.com/story/220

Hong Kong Disneyland is unlikely to receive more money from the local government to fund new attractions because of disappointing attendance at the theme park since it opened two years ago, a local newspaper reported Wednesday.

A spokeswoman for the park, a joint venture between The Walt Disney Co. and the Hong Kong government, said it is still discussing financing options with the government.

Hong Kong's Apple Daily newspaper reported Wednesday the local government, instead of providing fresh cash, is inclined to give the park more land, or sell down its stake in Hong Kong Disneyland for cash to reinvest in the park.