Disney broke ground on Shanghai, China theme park

April 5, 2011 12:00:00 AM PDT
Disney broke ground on a new theme park in Shanghai, China.

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It's estimated to cost more than $3.5 billion. The first phase of the resort will include Shanghai Disneyland, two hotels, a large retail-dining-and entertainment venue, and recreational facilities. It's expected to open in about five years.

Disney is the parent company of ABC30.

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