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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
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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.