Tokyo Disney parks operator planning 300 bil. yen expansion

Oriental Land Co., operator of Tokyo Disneyland and Tokyo DisneySea, is planning to spend roughly 300 billion yen ($2.7 billion) to expand the two theme parks, sources with knowledge of the matter said Wednesday.The company plans to start constructing the new areas -- a 30 percent expansion of the existing parks -- by 2025, one of the sources said.To free up space, a parking lot adjacent to the parks within the sprawling Tokyo Disney Resort complex in Urayasu just outside of the capital will be turned multistory. The company is also looking to acquire additional land.Oriental Land has enter…READ FULL ARTICLE