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Hong Kong Disneyland Loses Right to Land Near Theme Park

  • Hong Kong won’t renew a pact that reserved the site for Disney
  • Site was considered for temporary homes to ease housing woes
A Mickey Mouse figure sits at the entrance to Walt Disney Co.'s Disneyland Resort in Hong Kong.

A Mickey Mouse figure sits at the entrance to Walt Disney Co.'s Disneyland Resort in Hong Kong.

Photographer: Lam Yik/Bloomberg
Updated on

Walt Disney Co.’s Hong Kong Disneyland Resort lost an option to expand its site after local authorities decided not to renew an agreement with the amusement park to develop a neighboring plot of land.

Hong Kong won’t extend the 20-year purchase option, which expires Thursday, due to “the current economic conditions,” according to a statement Wednesday on the government website. A 60-hectare patch of land next to the theme park was reserved since 2000 to allow for possible expansion.