Disney to break ground on Shanghai park

Looks like another Walt Disney Park is on it's way. Reported by the Los Angeles Times, Walt Disney Company will be holding the ground-breaking ceremony on Friday for Shanghai Disneyland.

It has been speculated over the years about when Disney would make their way into mainland China. Now it seems we have the answer with this $3.6 billion dollar project. Designated to be in northeast Shanghai, the initial phase of constrution is slated to be complete in 2014. Shanghai Disneyland will be the company's sixth park outside the U.S. and is expected to bring in 7.3 million visitors in it's first year.

For the complete story head to Los Angeles Times.